CCTV News (News Network): On April 8, the People's Bank of China, the State-owned Assets Supervision and Administration Commission of the State Council and other departments, Central Huijin Company and many central enterprises expressed their determination to resolutely maintain the smooth operation of the capital market.
The People's Bank of China stated that it firmly supports Central Huijin Company to increase its holdings in the stock market index fund and provide sufficient re-lending support to Central Huijin Company if necessary.
Central Huijin Company has always been an important strategic force in maintaining the stability of the capital market and plays the role of the Chinese version of the "Standard Fund". Central Huijin Company stated that it is firmly optimistic about the development prospects of China's capital market, fully recognize the current allocation value of A-shares, and will increase its holdings and balance the holdings structure.
The State Administration for Financial Regulation stated that it will raise the upper limit of equity asset allocation ratio, increase the proportion of equity assets corresponding to the solvency adequacy ratio of some gears by 5%, further expand the space for equity investment, and increase support for the capital market and the real economy.
The National Social Security Fund Council stated that it has actively increased its holdings of domestic stocks recently and will continue to increase its holdings in the near future. While actively carrying out stock investment, the fund is safe and value-preserving and increasing.
China Chengtong, Sinopec Group and other central enterprises have also issued announcements intensively and actively carried out stock increase repurchases. In this regard, the State-owned Assets Supervision and Administration Commission of the State Council stated that it will fully support central enterprises and their controlling listed companies to continuously increase their shareholding and repurchase efforts, effectively safeguard the rights and interests of all shareholders, and continue to consolidate the market's confidence in listed companies.
