Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at a press conference on Thursday that the CSRC will further optimize the Qualified Foreign Institutional Investor ...
Asian stock markets were choppy on Thursday as traders in Tokyo embraced the global AI story, but Hong Kong investors were underwhelmed by Beijing's latest plan to force-feed higher values on China stock exchanges.
China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.
China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.
Led by the chief of the China Securities Regulatory Commission, officials from five government departments joined hands to map out the latest action plan to support a struggling stock market.
BANGKOK — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain’s FTSE 100 slipped less than 0.1% to 8,539.88.
China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.
chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term funds" into the stock market.
led by the China Securities Regulatory Commission and the Ministry of Finance. Among the announced measures, insurers will be encouraged to invest 30% of annual premiums earning from new policies ...
including the China Securities Regulatory Commission (CSRC), the Ministry of Finance, the People’s Bank of China (PBOC) and the National Financial Regulatory Administration. The proportion of ...
Corrects the second paragraph of this story published on January 23 to say that mutual funds, not pension funds, would be directed to invest more in the stock market. China’s financial ...