Home › Business & Finance › China Steps in to Boost Stocks, Cool Off Yuan
Business & Finance

China Steps in to Boost Stocks, Cool Off Yuan

Key Points

China Steps in to Boost Stocks, Cool Off Yuan Stimulus effort falls flat. This article is for subscribers only. China’s top economic officials are talking up openness in Hong Kong.

China Steps in to Boost Stocks, Cool Off Yuan Stimulus effort falls flat. This article is for subscribers only. China’s top economic officials are talking up openness in Hong Kong. Back on the mainland, authorities are showing investors just how active they remain in steering markets. As Vice Premier He Lifeng pledged support for a free and open economic environment in Hong Kong, policymakers in Beijing were deploying an array of measures aimed at influencing asset prices. The central bank moved to cool the yuan’s longest winning streak in three decades, while regulators revived stock-market rescue tools and took steps to encourage more share buybacks.
China (LOCATION) Cool Off Yuan (ORG) Cool Off Yuan Stimulus (ORG) Hong Kong (LOCATION) Beijing (LOCATION)
Originally published by Bloomberg Markets Read original →