China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
Publishing timestamp: 2024-01-23 05:19:01
Summary
Chinese authorities are reportedly considering a rescue package backed by offshore money to stabilize the country's struggling stock markets. They aim to obtain about 2 trillion yuan ($278 billion) through offshore entities and have set aside 300 billion yuan of local funds for investment in onshore shares. The measures are being considered to counter the recent slump in the Chinese stock markets.
Sentiment: NEUTRAL
Tickers: .HSI,
Keywords: stock markets, hong kong, asia news, business news, south asia, east asia, china, hang seng index, asia economy, currency markets,