business / markets
4 hours ago

China Orders Increased Investment in Domestic Stocks to Revitalize Markets

China Orders Increased Investment in Domestic Stocks to Revitalize Markets
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7 Highlights
  • China boosts stock investment to uplift markets before Lunar New Year.
  • Pension and mutual funds to increase A-share holdings by 10% annually.
  • Government's move aims to inject billions into A-shares yearly.
  • Chairman Wu Qing reveals plans to improve equity allocation.
  • Previous market interventions had varying results in China.
  • Hong Kong and Shanghai showed gains, but lost momentum.
  • Foreign investors' activity in China remains low amid low share prices.
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