The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums.
The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.
China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.
BANGKOK — The Chinese government is ... to A-shares every year,” said Wu Qing, chairman of the China Securities Regulatory Commission. The announcement followed a meeting of top financial ...
BANGKOK — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain’s FTSE 100 slipped less than 0.1% to 8,539.88.
“This means that at least several hundred billion yuan of long-term funds will be added to A-shares every year,” said Wu Qing, chairman of the China Securities Regulatory Commission. The ...
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] As regulators unveil more guidelines and policies to stabilize stock markets and economic growth, market mavens have expressed greater optimism regarding the ...
So much for the quiet pre-holiday trading session as Asian equities were mixed though Australia was closed for Australia Day, Indonesia was closed for Al Isra’ wal-Mi’raj, South Korea was closed for the Korean New Year,
the China Securities Regulatory Commission said Tuesday in a separate statement. The commission has expanded the participant pool to 40 by adding 20 more eligible institutions. During each batch of operations, approximately 20 institutions will be chosen ...
A view of the headquarters of China Securities Regulatory Commission in Beijing. [CHINA DAILY] BEIJING -- The China Securities Regulatory Commission (CSRC) on Sunday released an action plan to ...
Led by the chief of the China Securities Regulatory Commission, officials from five government departments joined hands to map out the latest action plan to support a struggling stock market.
Wu Qing, chairman of the China Securities Regulatory Commission, elaborated that public offering funds would increase their A-share holdings of circulating market capitalization by at least 10 ...