--- title: "The national team in mainland China has reduced its holdings in stock ETFs by over one trillion yuan to date, analysts expect the retreat to be nearing its end" type: "News" locale: "en" url: "https://longbridge.com/en/news/287359096.md" description: "Mainland China's stock ETFs have seen capital outflows for the eighth consecutive week, with the reduction of holdings by the national team possibly being one of the reasons. Bloomberg Industry Research predicts that the national team's withdrawal is nearing its end, with an estimated reduction in holdings of about $170 billion year-to-date. Analyst Rebecca Sin stated that the alleviation of future selling pressure will improve the outlook for the CSI 300 Index, and the national team may maintain its holdings below the disclosure threshold" datetime: "2026-05-22T12:05:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287359096.md) - [en](https://longbridge.com/en/news/287359096.md) - [zh-HK](https://longbridge.com/zh-HK/news/287359096.md) --- # The national team in mainland China has reduced its holdings in stock ETFs by over one trillion yuan to date, analysts expect the retreat to be nearing its end \[Bloomberg\] -- Mainland China's stock ETFs are heading towards a consecutive eighth week of capital outflows, with the national team’s reduction in holdings possibly being one of the reasons. According to Bloomberg Industry Research (BI) forecasts, the withdrawal of national team funds may have entered its final stage. Based on BI's calculations, the national team in mainland China may have sold approximately $30 billion worth of ETFs since April, with the total reduction expected to reach about $170 billion (approximately 1.16 trillion yuan) year-to-date. "The national team may be entering the final stage of its ETF withdrawal, with the goal for the first half of the year being to reduce holdings by about 90%," BI analyst Rebecca Sin pointed out. "The easing of future selling pressure is expected to improve the outlook for the CSI 300 index in the second half of the year." During the sharp rise of A-shares at the beginning of the year, the trading volume of broad-based ETFs significantly increased, leading investors to judge that the national team was selling ETFs to stabilize the market's "slow bull" pace. The fund quarterly report released in April showed that the national team, represented by Central Huijin, holds less than the disclosure requirement of 20% in multiple broad-based ETFs, a significant decline from the end of last year, confirming the above speculation. "It is expected that the national team will not completely exit but will maintain holdings below the fund disclosure threshold. This is crucial," Sin stated. "The current market timing is quite good." Mainland China's stock market is gradually recovering from the declines caused by concerns over the Middle East situation, with the Shanghai Composite Index once climbing to an 11-year high this month, while funds continue to sell more as stock ETFs rise. From Bloomberg's summary ### Related Stocks - [399300.CN](https://longbridge.com/en/quote/399300.CN.md) - [000300.CN](https://longbridge.com/en/quote/000300.CN.md) - [02827.HK](https://longbridge.com/en/quote/02827.HK.md) - [09846.HK](https://longbridge.com/en/quote/09846.HK.md) - [159263.CN](https://longbridge.com/en/quote/159263.CN.md) - [03133.HK](https://longbridge.com/en/quote/03133.HK.md) - [82846.HK](https://longbridge.com/en/quote/82846.HK.md) - [510330.CN](https://longbridge.com/en/quote/510330.CN.md) - [510030.CN](https://longbridge.com/en/quote/510030.CN.md) - [02846.HK](https://longbridge.com/en/quote/02846.HK.md) - [83188.HK](https://longbridge.com/en/quote/83188.HK.md) - [03188.HK](https://longbridge.com/en/quote/03188.HK.md) - [159925.CN](https://longbridge.com/en/quote/159925.CN.md) - [510310.CN](https://longbridge.com/en/quote/510310.CN.md) - [159919.CN](https://longbridge.com/en/quote/159919.CN.md) - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) ## Related News & Research - [China’s Q1 urban job creation hits 2.99M as unemployment steadies at 5.3%](https://longbridge.com/en/news/284339573.md) - [Morgan Stanley lifts China equity targets on earnings, yuan strength](https://longbridge.com/en/news/286363342.md) - [China April new loans unexpectedly shrink as weak demand weighs](https://longbridge.com/en/news/286392804.md) - [EMERGING MARKETS-EM stocks nudge higher, FX muted as investors wait for Gulf deal details](https://longbridge.com/en/news/289899515.md) - [China stocks flat, HK falls as focus shifts to Mideast tensions, global bond selloff](https://longbridge.com/en/news/286706816.md)