Posted 2/2/2024, 11:27:22 AM
China Deploys State Investors to Buy ETFs, Lift Stock Market
- China pushing state-linked companies to buy ETFs to boost stock prices, part of effort to end 4-year market decline
- "National team" of state investors buys shares and ETFs to lift prices, includes sovereign wealth fund, pension funds, brokers
- Shift to buying ETFs rather than individual stocks reduces risk of leaked insider information
- Authorities also censoring critical views on economy and pressuring social media platforms to curb negative sentiment
- Bargain valuations may support national team's buying, but skepticism remains on whether it can reverse downturn