"China's Stock Market Turmoil: Calls for $1.4 Trillion Stabilization Fund as Leaders Struggle"
TL;DR
An academic at a Chinese government think tank has proposed the establishment of a stock stabilization fund in China, aiming for a size of 10 trillion yuan ($1.4 trillion) or more to boost market confidence. The fund, suggested by Liu Yuhui of the Chinese Academy of Social Sciences, could initially be around $300 billion to $500 billion and then increased based on the value of the country’s capital market. Chinese authorities are reportedly considering measures to stabilize the slumping stock market, with a recent stock selloff deepening to a five-year low.
Topics:businessfinance#china#finance#government-think-tank#market-confidence#stabilization-fund#stock-market
- China Academic Calls for $1.4 Trillion Stock Stabilization Fund Yahoo Finance
- China's leaders are flailing as markets drop The Economist
- China’s Moms and Dads Aren’t Buying Stocks. They Can’t Afford More Losses. Barron's
- Chinese stocks are melting down again after worst week in years CNN
- China Stocks Swing Wildly in Chaotic End to Worst Week in Years Bloomberg
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