China think tank proposes $280 billion stock market stabilisation fund
A Chinese policy think tank has called for Beijing to issue 2 trillion yuan ($280 billion) of special treasury bonds to set up a stock market stabilisation fund, the 21st Century Business Herald reported on Wednesday.
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China Think Tank Urges $281 Billion for Market Stabilization
China should issue 2 trillion yuan ($281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank.
China’s stock market could enjoy ‘instant’ boost from 2 trillion yuan fund: think tank
China should issue 2 trillion yuan (US$280 billion) in special bonds to establish a stock market stabilisation fund, a government-affiliated research institute proposed on Tuesday, amid broader efforts by authorities to bolster the economy.
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Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.
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Asian equities were higher overnight as Hong Kong and Mainland China outperformed while South Korea underperformed.
China central bank conducts first operations under swap facility to bolster stock market
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Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop
Wall Street pulled back from its records on Tuesday after the price of crude oil tumbled and technology stocks faltered.
McDonald’s and Starbucks shares tumble while stimulus proposal gives China markets reason for optimism
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