Experts from the Chinese government think tank called for the creation of a stock stabilization fund as soon as possible to boost investor confidence and stabilize the stock market. Bloomberg.
The fund size is expected to be between 300 and 500 billion dollars in the short term. It should then be increased gradually depending on the value of China’s capital market, experts said.
Price of Chinese shares listed on the Hong Kong Stock Exchange last month was falling It will record lows since the early 2000s. The discount to mainland peers reached a 15-year high of 36%. China’s largest state banks intervene In foreign exchange market operations to prevent the yuan from collapsing.
Previously Chinese reported About the economic situation in the country under the US Embassy’s post on the social network Weibo about the protection of giraffes.