China moves to boost languishing markets by ordering funds to invest more in shares
BANGKOK (AP) — The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums.
The US firm’s request was received by the China Securities Regulatory Commission on Friday, according to a filing posted on the regulator’s website.
chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term funds" into the stock market.
BANGKOK (AP) — Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise.
In follow up to the State Administration for Market Regulation’s (SAMR) draft of August 9, 2024, China’s State Council has ...
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