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ICYMI - China's sovereign wealth fund bought ETFs to prop up puking stock market

ICYMI - China's sovereign wealth fund bought ETFs to prop up puking stock market
China’s state fund Central Huijin Investment said late on Monday it had bought exchange-traded funds (ETFs)and it would continue to do soJust under two weeks ago the fund started increasing its controlling stakes in China’s “Big Four” state banksChina’s US$1.35 trillion sovereign fund boosts stake in Big Four banks (CNY intervention?)The buying came as Chinese shares puked again, this from MondayChina's CSI300 benchmark blue chip index has hit its lowest since February 2019And its not just equit... Read More
Posted: Oct 23 2023, 21:19
Author Name: forexlive
Views: 091926

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