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    China's central bank vows funding support to sovereign fund to stabilize market

    China’s state-backed funds including Central Huijin earlier announced plans to buy local stocks in a bid to support the market hurt by US tariffs
    Bloomberg
    April 08, 2025 / 09:46 IST
    The People’s Bank of China will step up funding aid via a re-lending program to Central Huijin Investment Ltd. when it’s necessary

    China’s central bank said it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks.

    The People’s Bank of China will step up funding aid via a re-lending program to Central Huijin Investment Ltd. when it’s necessary, in order to safeguard the stability of capital markets, it said in a statement Tuesday.

    China’s state-backed funds including Central Huijin earlier announced plans to buy local stocks in a bid to support the market hurt by US tariffs.

    Bloomberg
    first published: Apr 8, 2025 09:46 am

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