Chinese markets rally on report Beijing considering £222bn state rescue plan - short news
Authorities could use 2tn yuan from offshore accounts of state firms to buy shares after big falls in stocks
Chinese markets have lifted following a report suggesting that Beijing policymakers are scrambling to mobilise billions of dollars from state-owned enterprises to reverse a recent share rout.
The benchmark CSI 300 index, which replicates the top 300 stocks traded on the Shanghai and the Shenzhen bourses, had fallen to a five-year low, while the Hang Seng China Enterprises..
source: The Guardian - 23.01.2024