Shanghai Composite Opens Up 12.39 Points on News of China Injecting 300 Billion Yuan
Macro
China's Shanghai Composite Index opened higher on Thursday (Sept. 7), responding to reports that Chinese authorities have injected 300 billion yuan ($45 billion) into the country's largest banks and insurance companies, marking the biggest capital injection in nearly 20 years. The move aims to strengthen the financial system and support lending amid a slowing domestic economy. The index opened at 3,942.51 points, up 12.39 points, or 0.32%.
