26 January 2020

Central Huijin throws lifeline to wobbly market, paper says

Central Huijin Investment Ltd. bought 2 billion yuan (US$330.467 million) worth of exchange traded funds (ETFs) on Friday and Monday to help support the market before a potential capital crunch from the resumption of A-share listings, Securities Times reported Tuesday. The Shanghai Composite Index fell 3.32 percent during the first three trading days of the year as China reopened the initial public offering market after a 14-month hiatus. Senior securities regulators and officials of blue-chip companies have ben discussing ways to better maintain market stability, the report said.

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