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.
中新经纬2月18日电 “文旅之声”微信号18日消息，2024年春节假期，全国国内旅游出游4.74亿人次，同比增长34.3%；国内游客出游总花费6326.87亿元，同比增长47.3%。 文旅部介绍，2024年春节期间，文化和旅游部组织开展“欢欢 2024年全国两会召开在即。过去一年，全国人大代表和全国政协委员们心系国是、情牵民生，交出了一份份合格的履职答卷。在履职中他们关注哪些热点难点问题？今年他们又准备了什么议案和提案、建议？让 新华社记者高敬“前不久，生态环境部和有关部门印发了指导意见，进一步推进农村生活污水治理。在这份文件中，我们去年提出的科学统筹规划、强化资金投入等建议，都有所体现。”近日，全国人大代表、四川省宣汉 钛白粉出口热度不减 多公司开启年内第二轮涨价 本报记者 黄 群 近日，国内钛白粉企业再度提价，2024年钛白粉第二轮涨价开启。2月20日，先是龙佰集团、惠云钛业宣布当日上调各型号钛白粉销售价格。2月21日，中核 2024年北京将开通运营3条地铁线路 昨天，北京市重大项目建设指挥部召开轨道交通建设工作动员部署会。北京青年报记者从会上获悉，《2024年北京市城市轨道交通建设计划》正式发布，今年北京轨道交通将实现3号线一期( 中国一汽审计与法务部总经理闫锋接受纪律审查和监察调查 中新网2月22日电 据中央纪委国家监委网站，据中国一汽纪委、吉林省纪委监委消息：中国一汽审计与法务部总经理闫锋涉嫌严重违纪违法，目前正接受中国一汽纪委 。本文链接：China moves swiftly to stabilize markets amid global financial turbulencehttp://www.sushuapos.com/show-5-52958-0.html
声明：本网站为非营利性网站，本网页内容由互联网博主自发贡献，不代表本站观点，本站不承担任何法律责任。天上不会到馅饼，请大家谨防诈骗！若有侵权等问题请及时与本网联系，我们将在第一时间删除处理。
上一篇： China will resolutely take countermeasures if U.S. escalates tariff measures: commerce ministry