China Regulator Funnels Billions of Yuan Into Stocks After Sell-Off
Updated
Updated · South China Morning Post · Jul 24
China Regulator Funnels Billions of Yuan Into Stocks After Sell-Off
3 articles · Updated · South China Morning Post · Jul 24
Summary
The China Securities Regulatory Commission said it will steer more medium- and long-term money into equities and fine-tune counter-cyclical support to stabilize trading after this month’s sharp sell-off.
Thursday’s measures are meant to keep market operations smooth and strengthen resilience against global volatility and cross-border risk transmission, which the regulator said require deeper policy reserves.
Earlier this week, CSRC chairman Wu Qing met institutional asset managers, corporate executives and retail investors to gather proposals on making the market more stable.