China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock market. Central Huijin has bought around a total of 477 million yuan of shares in Bank of China,...
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation authorities will intensify efforts to prop up the sinking stock market. Central Huijin has bought around a total of 477 million yuan of shares in Bank of China,...
It is an effective way to eliminate the lack of liquidity and prevent systemic financial risks by setting up stock market stabilization fund to intervene stock market. China can learn legislative experience from other countries, make provisions about stock market stability fund when the Securities Law...
Wrapping up with a quick look at the stock market 股市收盘情况 Chinese stocks rallied on Thursday as traders welcomed news that China's investment fund had bought a stake in the country's banking giants. The benchmark Shanghai Composite rose 0.9 percent to stand above 3,100 points and the ...
For nearly a year there has been talk of using stock market stabilization funds to halt the collapse of share prices. Chinese regulators, to their credit I think, have pretty steadfastly rejected the rumors and denied they had any intention of doing so. Officially they have argued that this ...
For the nation ’ s beleaguered equity market, Pan said the central bank will provide at least 800 billion yuan ( $113 billion ) of liquidity support, adding that officials were studying setting up a stock stabilization fund. Chinese ADRs jumped in premarket trading. YINN rose 13%; Alibaba ...
Support measures unveiled by Chinese authorities Tuesday included interest rate cuts, more cash for banks, bigger incentives to buy homes and plans to consider a stock stabilization fund. "The liquidity boost expected from China may have some positive spill-over via commodities and the supply chain...
The report said a relending program unveiled on Tuesday will allow listed companies to borrow inexpensive money to shore up stock prices and boost investor sentiment, while the stock stabilization fund that is under policy study, if launched, might help fend off systemic risks in the stock market...
China can work to set up the stabilization fund to bolster the capital market, starting with allocating part of the foreign exchange reserve assets to Hong Kong shares, and then gradually expanding the holdings to the stock market in mainland China, recommended Li Xunlei, the chief economist of...
the policy signal of shoring up the capital market amid efforts to stimulate the national economy. Possible policy options in the current scenario, they said, could be expanding the funding source for Central Huijin's stock purchase and establishing a State-backed market stabilization fund. ...