MNI BRIEF: CSRC To Push Institutions To Support A-Share Market
The Chinese regulator will guide institutional investors to further support the A-share market, the China Securities Regulatory Commission said in a statement on Tuesday.
The CSRC will continue to lead various market players, including public funds, private funds, securities companies and social security funds to enter the equity market, and support listed companies to increase repurchasing and hold their shares, and introduce more incremental funds into the A-share market, the regulator said.
The statement followed Central Huijin Investment’s announcement earlier that the company has expanded holdings in exchange-traded open-end index funds (ETFs) and will further add holdings in a bid to stabilise the market operations.
MNI reported last week that Chinese authorities will likely look for alternative ways to boost the equity market over a stabilisation fund. (See MNI: China Should Limit IPOs, Boost Growth To Lift Stock Market)