China Reform Holdings Corporation LtdPrivate▲ Positive
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China Reform Holdings Corp deployed 50 billion yuan to buy shares and support the market, directly boosting its own investment activity and signaling government support.
China's securities regulator has called a meeting with market participants to discuss stabilization measures after Chinese stocks plunged over the past two weeks, wiping out more than 10 trillion yuan, or about 1.48 trillion US dollars, in market capitalization. The China Securities Regulatory Commission invited representatives from the capital market sector to a meeting on Monday to hear proposals on promoting stable and sustainable capital market development. Meanwhile, state-owned enterprises are rushing to inject funds to buy shares and support the market. China Reform Holdings Corp deployed 50 billion yuan, and China Chengtong Holdings Group added nearly 10 billion yuan in investments, bringing the total from state-owned enterprises to over 60 billion yuan to boost investor confidence.
China Reform Holdings Corp deployed 50 billion yuan to buy shares and support the market, directly boosting its own investment activity and signaling government support.