China’s Central Bank Pledges More Support to Stabilize Markets
Caixin Global · Ding Feng ·
Governor Pan Gongsheng outlines plans to draw in long-term investment and back Central Huijin’s role as a market stabilizer
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China’s central bank pledged to bolster financial market support, including backing state investor Central Huijin Investment Ltd.’s role as a market stabilizer, after a series of declines in mainland stocks.
People’s Bank of China Governor Pan Gongsheng outlined the plans in a Tuesday report on the government’s financial work. He said authorities would broaden channels for long-term investment and improve mechanisms to maintain market stability.
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