What I'm talking about here is more general and more specific, which is the investment made by the state with the money of the state finance.
There are roughly the following categories
Securities, gold, Huijin and other enterprises directly invested by the state.
Social security, pensions and the like.
All kinds of corporate funds directly invested by state funds.
SASAC's asset investment and so on.
The part of these funds invested in A shares is the national team in the usual sense.
So what is the purpose of this part of the funds entering the stock market?
1. The preservation and appreciation of state-owned assets (to ensure that state-owned assets will not depreciate under inflation), apart from fixed assets investment (real estate infrastructure ...), what can be compared with enterprises that are investing in sustainable development? )
2. Help enterprises to finance the national economy and people's livelihood (it is impossible for enterprises to help them directly invest in the stock market by relying on bank loans, which is beneficial to both sides).
3. Ability to control financial markets, such as options and stock index futures.
4. Macroscopically, it can ensure the stability of the financial market and avoid the financial crisis.
Well, after talking about the purpose of the national team entering the stock market,
Next, after entering the national team, what role does it play in achieving the goal?
Industrial and Commercial Bank of China, the largest bank in the universe, has only made new progress in increasing its holdings since its listing, and has not reduced its holdings.
There is no doubt that the banking industry is the lifeblood of China's development. As the largest bank in the universe, does the national team buy it to earn the share price difference?
Just an irrelevant reason. The real reason is to master the absolute control of these industries.
Because of the weight of these stocks, we can also control the financial market from crisis.
In this respect, the so-called national team is the cornerstone of A shares.