Chinese equities staged a rebound on Tuesday as state funds vowed to step up share purchases, spurring investor hopes that Beijing might be ready to offer more support to put a floor under months of sliding prices.
Shares began climbing after Central Huijin, an investment arm of China’s sovereign wealth fund, said it would expand its purchases of exchange traded funds.
The China Securities Regulatory Commission also said it would encourage institutional investors to hold A-shares for a longer period of time, as it worked to stabilise a sell-off that has wiped out almost $2tn in market capitalisation from a 2021 peak.
您已阅读19%（622字），剩余81%（2700字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。