ICYMI - China's sovereign wealth fund bought ETFs to prop up puking stock market

China’s state fund Central Huijin Investment said late on Monday it had bought exchange-traded funds (ETFs)

• and it would continue to do so

Just under two weeks ago the fund started increasing its controlling stakes in China’s “Big Four” state banks

• China’s US$1.35 trillion sovereign fund boosts stake in Big Four banks (CNY intervention?)

The buying came as Chinese shares puked again, this from Monday

• China's CSI300 benchmark blue chip index has hit its lowest since February 2019

And its not just equities being shunned:

• Goldman Sachs says FX outflows from China in September hit US$75 bln, biggest since 2016

China is having a rough time right now. The Chinese Communist Party war on private enterprise is not helping.