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.
美国一客机起飞后因指示灯异常紧急降落；韩国一波音客机引擎起火：边降落边喷火，还传出爆炸声，什么情况？ 据央视新闻1月11日消息，据美国《纽约邮报》报道，当地时间10日，一架飞往芝加哥的美国联合航空公司飞机紧急降落在 人工智能客服不能阻碍沟通 AI客服的理想与现实总是存在落差。我们当然希望AI客服能更“聪明”一些。但在此之前，企业不应过分依赖AI客服，而该给消费者多一个选项。 态度客气，但答非所问；表示理解，却不提解决方案 刘德华新片撤档背后：巨亏巨冒险 春节档迎来“撤档潮”。 2024年2月17日，电影《八戒之天蓬下界》发布声明退出春节档，延后上映。该片上映至今，累计票房323.2万元。 这并非个案。2月16日晚，电影《红毯先生》在 江苏省农垦集团有限公司原党委书记、董事长李春江接受纪律审查和监察调查 中新网2月23日电 据中央纪委国家监委网站，据江苏省纪委监委消息：江苏省农垦集团有限公司原党委书记、董事长李春江涉嫌严重违纪违法，目前 中新经纬2月23日电 (周奕航)“和以往相比，今年的订单量足足翻了四五倍。”山东省菏泽市曹县的汉服加工厂老板陆平(化名)对中新经纬表示。 这个春节，马面裙火了。许多年轻人身穿马面裙，行走在大街小巷、灯展庙会间 标准缺失 价格无序 宠物蛋糕野蛮生长 宠物美容、宠物寄养接连掀起消费浪潮，宠物蛋糕正在成为下一个浪潮。近日，好利来集团推出全新宠物烘焙品牌Holiland Pet，据介绍，Holiland Pet将专注宠物生日蛋糕及人宠服务 。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