This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China's Guangdong Province. (Xinhua/Liang Xu)
BEIJING, April 8 (Xinhua) -- In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence.
Affected by sweeping global plunges triggered by U.S. tariffs, major Chinese equity indices -- including the benchmark Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index -- suffered notable losses on Monday.
In response to the downturn, some state-owned capital operation firms moved quickly to increase their holdings of domestic equities, voicing strong confidence in the long-term outlook of the country's capital markets. The People's Bank of China, or the central bank, also announced liquidity support through re-lending facilities on Tuesday.
Central Huijin Investment Ltd., a Chinese state-owned investment company, said it had once again increased its holdings of exchange-traded funds and would continue to do so in the future to "resolutely safeguard" the stable operation of the capital market.
As a controlling or participating shareholder in over 20 financial institutions, Central Huijin reaffirmed its pivotal role in stabilizing the capital markets in a statement Tuesday. Often likened to a "stabilization fund," the company has been instrumental in bolstering market stability and resilience since 2008.
Following the statement of Central Huijin, the central bank pledged to firmly support the company in increasing its holding of stock index funds and will provide sufficient re-lending support when necessary.
Apart from Central Huijin, multiple state-owned investment firms also increased stock holdings or unveiled plans to accelerate share buybacks, including China Chengtong Holdings Group Ltd., China Reform Holdings Corporation Ltd., and seven listed firms under the China Merchants Group.
Moreover, the National Financial Regulatory Administration on Tuesday announced measures to raise the cap on equity investments by insurance funds, with greater support for equity investments in strategic emerging industries and fostering new quality productive forces.
Analysts believe the coordinated moves sent a clear signal about China's resolve to support the capital markets.
In a time of heightened uncertainty in the global trade environment and dramatic fluctuations in international financial markets, the timely and decisive action of China's state capital will effectively guide market expectations and mitigate the impact of external shocks, said Wang Qing, chief macro analyst at Golden Credit Rating.
Financial institutions expressed optimism about the future of the capital markets.
Central Huijin highlighted the steady progress of China's high-quality development, the dynamic rise of new quality productive forces, and the increasingly solid foundation for sustained economic recovery. These factors provide robust fundamental support for the steady and healthy growth of the capital markets.
With more firms representing new quality productive forces and technological innovation going public, the allure of A-share core assets has been enhanced, and the overall valuations currently stand at relatively low historical levels, the company said.
The company vowed to ramp up investments to give full play its role of patient, long-term capital.
27亿元票房领跑春节档 凭什么《热辣滚烫》？ 长沙晚报2月17日讯(全媒体记者 宁莎鸥)今年的春节档大战在如火如荼地进行中。截至17日记者发稿时，贾玲自导自演的《热辣滚烫》已获得票房超27亿元，领跑大盘，有望拿到春 商务部新闻发言人2月22日表示，春节期间，消费市场年味浓、活力足、人气旺，销售较快增长，实现良好开局。预计一季度消费市场将呈现平稳增长态势。春节期间，消费活动丰富多彩。商务部举办全国网上年 灯会，是中国古老的民俗文化。今年春节各地的灯会体现着传统文化的创新演绎，点亮了国内外多个城市。“中国风”的灯会与海外文化相互交融，广受海外游客喜爱。随着正月十五元宵佳节的脚步渐近，中国 龙年开工首周，记者在多地采访看到，企业加快开工复产、劳动者积极返岗求职，呈现出人勤春来早、供需同发力的繁忙景象。“用工忙”折射开局稳，释放出经济运行回稳向好的信心。从跨省招工、专车专列接人返岗 新华社记者周义在福建省莆田市，“无忧电工”培训班的出现，为当地残障人士拓宽了就业渠道。“兼职电工，我的月收入平均增加1000多元。”通过培训获得电工证的第二批“无忧电工”梁志忠说话间难掩喜悦之情 节后碳化硅衬底掀价格战？产业链上市公司回应来了 《科创板日报》2月22日讯(记者 吴旭光)节后，有市场消息称，国内主流6寸碳化硅(SiC)衬底报价参照国际市场每片750-800美元的价格，快速下杀，价格跌幅直逼三成。 甚 。本文链接：China moves swiftly to stabilize markets amid global financial turbulencehttp://www.sushuapos.com/show-5-52958-0.html
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