Latest news with #ChinaChengtongHoldingsGroup
South China Morning Post
08-04-2025
- Business
- South China Morning Post
Central Huijin leads growing cavalry of stock buyers seeking to maintain market stability
Three Chinese state investment entities have vowed to ramp up equity purchases in an effort to 'firmly safeguard the stable operation of the capital market'. Advertisement On Monday night, China Chengtong Holdings Group and China Reform Holdings Corporation increased their holdings of exchange-traded funds (ETFs) and shares of central state-owned enterprises. Earlier Monday, Central Huijin Investment – a key sovereign fund – said it had increased its holdings of Chinese ETFs and would continue doing so to help restore market confidence, as Beijing steps up efforts to stabilise stock markets that have been shaken by an escalating trade war. Overnight, US President Donald Trump threatened to apply an additional 50 per cent tariff on Chinese goods if Beijing does not drop a set of retaliatory levies that it imposed on the US. On Tuesday morning, Central Huijin, in an interview with state media, vowed again that it would act as a 'stabiliser' in the capital markets, effectively smoothing out abnormal market fluctuations. 'When action is needed, we will act decisively', an executive said. Advertisement On Tuesday morning, the People's Bank of China said it would support Central Huijin by increasing its purchases of stock-market index funds and would, when necessary, provide sufficient relending support to Central Huijin to safeguard the stable operations of the capital markets. And the National Financial Regulatory Administration also said it would increase the amount of insurance funds that can be invested in the stock market.
Reuters
08-04-2025
- Business
- Reuters
China state firms vow to boost share purchases to stabilize plunging market
BEIJING, April 8 (Reuters) - Several Chinese state holding companies on Tuesday vowed to increase share investment as Beijing steps up efforts to stabilize a plunging stock market on U.S. tariff woes. The announcements by China Chengtong Holdings Group ( and China Reform Holdings Corp came after Chinese state fund Central Huijin said on the previous day it would increase share holdings to foster stability in markets. China's stock benchmark (.SSEC), opens new tab dived 7% on Monday amid investor worries about the risk of a damaging trade war and a global recession. Washington last week imposed extra tariffs of 34% on China, which then fired back with its own 34% levies on U.S. imports. Chengtong said its investment units will increase holdings in stocks and exchange traded funds (ETFs) to safeguard market stability. "We are firmly optimistic toward the growth prospects of China's capital markets," the state investment firm said in a statement, vowing to support high-quality growth of Chinese listed companies. China Reform Holdings Corp, also known as Guoxin, said in a separate statement that an investment unit will increase holdings in tech companies, state firms and ETFs, tapping a relending scheme for share buybacks. Initial investment will be 80 billion yuan ($10.95 billion). Another state holding company, China Electronics Technology Group, said it will boost share buybacks in listed units to bolster investor confidence. ($1 = 7.3081 yuan)
