HomeBusinessChina mulls $278 billion stock market rescue plan.

China mulls $278 billion stock market rescue plan.

Published on

Chinese authorities are taking significant measures to stabilize the slumping stock market by considering a package that includes mobilizing about 2 trillion yuan ($278 billion) from the offshore accounts of Chinese state-owned enterprises. This fund would mainly be used to buy shares onshore through the Hong Kong exchange link. Additionally, at least 300 billion yuan of local funds have been earmarked to invest in onshore shares through China Securities Finance Corp. or Central Huijin Investment Ltd.

The move comes after previous attempts to restore investor confidence fell short, prompting Premier Li Qiang to call for “forceful” steps. Policymakers are reportedly seeking to prevent further slumps in the stock market and bolster investor confidence with these proposed measures. These efforts show a concerted effort by Chinese authorities to stabilize the stock market in the face of market volatility and economic uncertainty.

The impact of these measures on the stock market remains to be seen, but Chinese authorities are taking significant steps to stabilize the slumping market in an effort to restore investor confidence and prevent further declines in the market. The proposed package of measures, including the mobilization of significant funds, reflects a determination by policymakers to address the challenges facing the stock market and demonstrate stability in the face of economic uncertainty.

Source link

Latest articles

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....

Experience Remarkable Terrazzo Refurbishing in Sarasota, FL with Intra State Terrazzo and Concrete

Keen on understanding the intricacies that underline the worth of hiring qualified service professionals...

More like this

Waterfront Restoration’s Expert Aquatic Weed Removal in Long Lake, MN

Frustrated by the weeds and invasive species preventing his family from enjoying the lake,...

Enhancing Paradise: The Ultimate Guide to Landscape Concrete Edging in Hawaii Island for Unbeatable Curb Appeal

As a Hawaii resident deeply entwined with your island roots, you understand the irresistible...

Leading-edge Irrigation Maintenance Services in Port Charlotte, FL by Shaffer’s Irrigation

Boosting the health of your landscape through efficient irrigation requires skill, knowledge and experience....