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.
春节假期中国民航运输旅客创历史新高 中新社北京2月18日电 (记者 刘文文)记者18日从中国民航局获悉，2024年春节假期(2月10日―2月17日)民航市场平稳有序运行，全国民航累计运输旅客1799.2万人次，日均运输旅客224.9 区域协调发展，关乎统筹一域和全局、前沿和后方、发展和安全。2014年，京津冀协同发展上升为国家战略。十年来，在习近平总书记亲自谋划、亲自部署、亲自推动下，京津冀协同发展不断迈上新台阶。2024 当前，进一步推动我国经济回升向好需要克服一些困难和挑战，主要体现为有效需求不足、社会预期偏弱等问题。习近平总书记在中共中央政治局第十一次集体学习时强调，新质生产力是创新起主导作用，摆脱传统 为降低新一轮低温雨雪冰冻天气对农业生产带来的影响，湖北省沙洋县农业农村局组织技术服务指导组深入田间地头，重点围绕蔬菜大棚、油菜等主打产业，开展防冻避灾、病虫防控等全程技术指导服务，最大限度减少 新华社记者徐海波、王自宸、宋立崑连日来，湖北省交通运输厅视频调度室里时常灯火通明，各项除雪保畅决策和指令第一时间下发到各路段。20日起，湖北自西向东将出现一轮大范围雨雪冰冻天气，局部地区将出现大 海洋馆潜水员溺亡 游客：以为是假人 近日，有网友在社交平台发帖称，在春节假日期间，郑州海昌海洋馆的一名潜水员在企鹅池进行作业时溺亡。2月21日下午，郑州海昌海洋馆的工作人员向扬子晚报紫牛新闻记者证实了此事，并表 。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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