China’s Rescue Fund to Stabilize Stock Market for Several Years
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China Securities Finance Corp. won’t pull out of the nation’s equities for a couple of years, according to the securities regulator.
The agency transferred some shares it bought to Central Huijin Investment Ltd., a unit of the nation’s sovereign wealth fund, said China Securities Regulatory Commission spokesman Deng Ge. The move will help to restore stability to the market, he said at a weekly briefing in Beijing on Friday.