Beijing has also set up a market-stabilisation fund, according to reports, as fund managers pledge to invest $19bn in the local share marketChina has frozen share offers and set up a market-stabilisation fund, according to reports, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world’s second-largest economy.The Wall Street Journal report that Beijing has suspended initial public offerings (IPOs) came a few hours after major brokers and fund managers collectively pledged to invest at least $19bn of their own money into stocks.

BING NEWS:
  • Tesla’s Shrinking China Market Share Compounds Global Woes
    Confronted with unprecedented local competition and weakened consumer sentiment in Asia’s largest economy, Tesla’s market share shrank to around 6.7% for the quarter ended in December ...
    04/2/2024 - 11:38 pm | View Link
  • China’s internet giants snap up their own shares to boost flagging stock market value
    A share buyback usually triggers an increase in price because there will be fewer shares available on the market. Alibaba’s stock has lost more than a quarter of its value in the past year.
    04/2/2024 - 9:58 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News