Beijing, April 8, 2025 (AFP) - China central bank says backs sovereign fund for 'smooth operation' of market

NAMPA / AFP

2025-04-08

China's central bank on Tuesday vowed to back major state-backed fund Central Huijin Investment in stabilising the market, a day after bourses in Asia were roiled by a trade war launched by Washington. Beijing's People's Bank of China said it "firmly supports Huijin Investment... in increasing its holdings of stock market index funds, and will provide (it) with sufficient re-lending support when necessary, resolutely maintaining the smooth operat......

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