The decline of the Chinese mainland stock market has eased on Tuesday (October 24). Previously, a large Chinese state -owned fund was involved in the stock market again.
According to the Wall Street Journal, the Central Huijin, a subsidiary of the China Sovereign Fund Fund, said in a short announcement issued on Monday (October 23) that it was bought on the same day to buy the "Transaction Open Index Fund (ETF)"And will continue to increase its holdings in the future.
Earlier, the CSI 300 index fell to the lowest level since 2019.The CSI 300 Index represents the most valuable stocks in Shanghai and Shenzhen.
On Tuesday afternoon, the Shanghai -Shenzhen 300 index that fell for four consecutive trading days changed little.The Shanghai Composite Index of China's domestic stock market also rose 0.4%.
The Central Huijin did not disclose how much funds were deployed on the week, nor did they disclose which ETFs were bought.It is reported that earlier this month, the Central Huijin increased its holdings of the shares of the four major banks in China, which was widely regarded as support for the Chinese market.
