BEIJING (Reuters) -China’s central bank said on Tuesday it supported sovereign wealth fund Central Huijin Investment increasing its holdings in stock market index funds.
The People’s Bank of China would provide re-lending support to Central Huijin Investment, a unit of China Investment Corp, when necessary to maintain the smooth operation of the capital market, it added in a statement.
On Monday, Huijin intervened to support domestic stocks that had plunged on U.S. tariff woes.
(Reporting by Joe Cash; Editing by Muralikumar Anantharaman)
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