Securities Times reporter Cheng Dan

  Recently, some people in the media said that the value of the national team’s holding of A-shares decreased from 3.2 trillion yuan at the end of December last year to more than 60 billion yuan at the end of March this year, and there was a clearance-style reduction in one quarter.

A Securities Times reporter learned from people close to the regulatory authorities that the news was seriously inaccurate.

  At present, the so-called "national team" counted by some market information institutions mainly refers to institutions such as China Securities Finance, China Securities Finance Custom Fund, and Central Huijin.

The data of the top 10 circulating shareholders of each stock in the A-share market are only published in annual reports, semi-annual reports and quarterly reports. The market value statistics of the above-mentioned institutions are mainly based on the regular reports of publicly disclosed listed companies.

  The reason why the statement of "the national team's clearance-style reduction in the first quarter" is seriously inaccurate, mainly because most of the listed companies' quarterly reports this year have not been disclosed, so there are data deviations in the statistics and comparison of the holdings and reductions of relevant institutions.

As of April 25, only 1,193 listed companies in the A-share market have disclosed their first quarterly reports, while 3,593 listed companies have disclosed their 2021 annual reports.

That is to say, at the end of the fourth quarter of last year, most of the data on the shareholdings of relevant institutions have been disclosed, while only a small part of the data at the end of the first quarter of this year has been disclosed.

  The source said that in the first quarter of this year, the overall shareholding situation of relevant institutions was stable, and there was no reduction in holdings.