The People’s Bank of China (PBOC) announced its commitment to provide financial assistance to sovereign wealth funds, specifically Central Huijin Investment Ltd., through a re-lending program. This support aims to bolster capital market stability by facilitating increased equity investments. China Chengtong Holdings Group and China Reform Holdings Corp (Guoxin) have also declared their intention to augment their investments in stocks and Exchange Traded Funds (ETFs), aligning with Central Huijin’s strategy.
