MARKETS

China’s Sovereign Fund Ramped Up ETF Purchases to Lift Stocks

China’s sovereign wealth fund likely bought at least $43 billion of onshore exchange-traded funds in the first quarter, Bloomberg’s analysis shows, shedding light on the extent of state rescue to stem a market tailspin.

Kgaogelo MatshwiKgaogelo Matshwi
Apr 23, 2024 - 10:41
 0  4
China’s Sovereign Fund Ramped Up ETF Purchases to Lift Stocks
China’s sovereign wealth fund likely bought at least $43 billion of onshore exchange-traded funds in the first quarter, Bloomberg’s analysis shows, shedding light on the extent of state rescue to stem a market tailspin.
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