China has launched its own version of a "stock market stabilization fund" as the country's central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market.On Tuesday, the People's Bank of China said it firmly supports Central Hui...
China has launched its own version of a "stock market stabilization fund" as the country's central bank vowed to provide funding support for the Central Huijin Investment Ltd to increase holdings in the A-share market. On Tuesday, the People's Bank of China said it firmly supports Central H...
Central Huijin reaffirmed its pivotal role in stabilizing the capital markets in a statement Tuesday. Often likened to a "stabilization fund," the company has been instrumental in bolstering market stability and resilience since 2008.
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,...
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 ...
including the stabilization of the stock market, strengthened strategic reserves and market stabilization mechanisms, and the accelerated removal of barriers preventing long-term funds -- such as commercial insurance funds, the national social security fund and the basic pension insurance fund -- from ...
Stock market stabilization measures to restore confidenceAuthorities are striving to not only stabilise the economy, but also spur stock market optimism. A CNY500bn swap facility will be established for non-bank financial institutions to borrow directly from the PBoC using bonds, stock ETFs and CSI...
Pan added that the central bank will provide sufficient funding support to Central Huijin Investment, an arm of China's sovereign wealth fund that functions as a quasi-stock market stabilization fund, in increasing share holdings when necessary. 潘功胜补充称,央行将为中央汇金投资有限公司(中国主权财富...
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 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...