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China Takes Action to Revive Stock Market, Boosts Alibaba and JD.com

Chinese stock exchanges urge investment funds to refrain from selling equities as the market struggles. The government is taking measures to support the stock market amid an economic slowdown and crisis in the shadow banking industry.

by Mark Eisenberg
Thu, Aug 17, 2023 4:37pm
in Stock Market
• 3 mins read
14.4k
China Takes Action to Revive Stock Market, Boosts Alibaba and JD.com | FinOracle

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Chinese stock exchanges have reportedly asked investment funds to refrain from being net sellers of equities as the domestic stock market reels under a selling wave. The Shanghai and Shenzhen stock exchanges issued “window guidance” to several large mutual fund houses to avoid selling more domestic shares for a day. This move comes as the country faces an economic slowdown and a crisis in the shadow banking industry.

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Tags: AIAlibabaARBaiduBankBank of ChinaBankingCESChinaCrisisETFEUInvestment fundInvestorISharesJD.comJim CramerMad MoneyMarketMoneyMutual fundShanghaiShenzhenShenzhen Stock ExchangeStockStock ExchangeStock market
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