New Stock Stabilization Fund Considered by China

Estimated read time 1 min read

According to a Thursday report by Bloomberg News, China is considering setting up a state-backed stabilisation fund to support investor confidence in its equity markets.

According to the source, which cited persons with knowledge of the situation, financial authorities, including the China Securities Regulatory Commission (CSRC), recently submitted a tentative proposal to the nation’s top leadership following at least two rounds of consultation with industry participants over several months.

According to the report, the proposal asks for the fund to have access to a total capital of up to hundreds of billions of yuan. It also added that implementation specifics have not been decided upon and there is a possibility that the idea may be dropped.

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E.F Team

Our team at Eastern Finance is made up of young and knowledgeable professionals who are here to provide you with business news from an eastern perspective.

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