China’s Market Boost: Plans to Bolster Capital Market with Long-Term Funds
Chinese authorities have announced plans to strengthen the injection of medium and long-term funds into the capital market for market stability.
Yonhap News reported on the 22nd, citing Reuters, that Chinese authorities will take stronger, more effective measures to stabilize market confidence. Reuters conveyed the content reported by the Chinese state media.
According to the report, the Chinese State Council announced at a meeting chaired by Premier Li Keqiang that it would strengthen the injection of medium and long-term funds into the capital market to enhance market stability and healthy development. The State Council also reportedly announced plans to accelerate the upgrade of artificial intelligence (AI) in major industrial fields.