ICYMI – China’s sovereign wealth fund bought ETFs to prop up puking stock market | Forexlive
China’s state fund Central Huijin Investment said late on Monday it had bought exchange-traded funds (ETFs)
- and it would continue to do so
Just under two weeks ago the fund started increasing its controlling stakes in China’s “Big Four” state banks
The buying came as Chinese shares puked again, this from Monday
And its not just equities being shunned:
China is having a rough time right now. The Chinese Communist Party war on private enterprise is not helping.