China state investment Chengtong says will increase holdings safeguard market stability

  • Will increase holdings in stocks and ETFs to safeguard market stability

China’s state investment firm Chengtong

  • Says will increase holdings in stocks and ETFs to safeguard market stability
  • Says will continue to increase holdings in shares of state companies and tech firms
  • Firmly optimistic of growth prospects of China’s capital market

State investment firm Guoxin also making the same sort of promises:

  • buybacks etc.

China providing support to its equity market.

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