The announcement came less than two weeks after Huijin started increasing its controlling stakes in China's"Big Four" state banks, and followed a series of measures by Beijing to revive confidence in the country's flagging stock markets.
In a short statement on its website after the market close, Huijin said it bought ETFs on Monday, and"will continue to increase holdings in future," without giving ETF details. China's blue-chip CSI300 Index fell 1 per cent to its lowest closing level since February 2019, as global market jitters amid an escalating conflict in the Middle East compounded lingering worries about the health of China's economy.
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