Report: 'National Team' Boosts Investments in Specific A-shares Linked to Insurance, Resources, Consumption, and Electronics in the Previous Quarter

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Nov 04 2025

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Source: aastocks

National Team Holdings: As of the end of 3Q25, the 'national team' funds held over 800 A-shares, with significant investments in AGRICULTURAL BANK, BANK OF CHINA, and ICBC, collectively exceeding RMB1 trillion in market value.
Sector Investments: The 'national team' increased holdings in various sectors including insurance, resources, consumption, electronics, and communications, with some stocks experiencing a 1x surge in share price during the quarter.
Market Capitalization Insights: The three highest market value stocks held by the 'national team' were AGRICULTURAL BANK (RMB1.11 trillion), BANK OF CHINA (RMB1.03 trillion), and ICBC (RMB1.02 trillion), with several other companies also exceeding RMB60 billion in market capitalization.
Broader Market Trends: Companies with market capitalizations ranging from RMB10 billion to RMB30 billion included notable names like YANGTZE POWER, WULIANGYE, and SINOPEC, reflecting a diverse investment landscape within the A-share market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.