National team accelerates deployment as insurers, brokerages, and funds enter the market to stabilize A-shares

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Summary · why it matters

China Securities Regulatory Commission Chairman Wu Qing stated on July 20 that all efforts will be made to maintain stable market operations. On the same day, the three major A-share indices rallied sharply in late trading, with the Shanghai Composite Index and the ChiNext Index turning positive and the STAR Composite Index narrowing its losses. Over 3,700 stocks across the market declined, with total turnover reaching 2.7 trillion yuan, an increase of 47.2 billion yuan from the previous trading day. Full-day turnover of broad-based ETFs rose to 154.051 billion yuan, with three core products—the STAR 50 ETF from China Asset Management, the ChiNext ETF from E Fund, and the CSI 300 ETF from Huatai-PineBridge—together exceeding 61.4 billion yuan in turnover. Several central enterprises announced share increase and buyback plans. Three leading insurance institutions—PICC, China Pacific Insurance, and Ping An—successively expressed support for capital market development, while local state-owned capital platforms also joined the market stabilization efforts. The chairmen of Zhongtai Securities and Hongta Securities proposed share buybacks, and Bosera Funds announced it would invest 50 million yuan of its own capital in its equity public funds. Multiple listed companies disclosed interim dividend plans. Chang'an Huitong Group announced it had increased its holdings in several provincial state-owned listed companies through the secondary market and will continue to do so. Industry analysis suggests that broad-based ETFs saw inflows of 200 billion yuan over the past week, a record weekly high, and that market stabilization and a turnaround are not far off. The AI industry's prosperity remains intact, and after the correction, the market will return to a trajectory driven by earnings per share.

Impact on assets 6

Others▲ · 6 stocks

Off-coverage companies 1

Bosera Asset Management Co., Ltd.Private▲ Positive
Capitalrelevance

Bosera Funds announced it will invest 50 million yuan of its own capital in its equity public funds, a capital deployment supporting market stability.

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