China steps up market defence with state buying and buybacks
China steps up market defence with state buying and buybacks
China steps up market defence with state buying and buybacks
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- China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record.
- Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent.
- The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
- China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record.
- Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent.
- The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
- China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record.
- Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent.
- The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record. Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent. The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record. Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent. The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
China has stepped up its defence of the stock market, with state-backed funds pouring 76.7 billion yuan into nine favoured exchange-traded funds on Tuesday, the second-largest daily inflow on record. Companies including chipmaker CXMT also announced bigger share buybacks, after the central bank cut its relending rate for buybacks to 1% and made the programme permanent. The tech-heavy Star 50 index jumped nearly 10% on Wednesday.
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