From Sep 2024 to Sep 2026, China’s national social security fund, basic pension
funds, annuity funds and insurance funds collectively net bought more than 1.5
tln yuan of A-shares, supporting market stability. Since October, amid
heightened market volatility, mutual funds, securities firms, insurance assets
and the national social security fund have increased positions and been net
buyers overall. A China Association of Listed Companies Q3 2026 operating report
(Nov 2) shows year-to-date net buying by social security, annuity and insurance
funds exceeded 600 bln yuan. HITHINK ROYALFLUSH iFinD data show the social
security fund was among the top-10 tradable shareholders in over 600 listed
companies as of end-Q3.