28 Feb China’s ‘national team’ buys US$57 billion of ETFs to buttress flagging stock market, UBS says
Posted at 08:23h
in Asia
Chinese state buyers have bought a net 410 billion yuan (US$57 billion) of exchange-traded funds (ETFs) this year to shore up the nation’s US$9 trillion stock market, according to UBS Group.Dubbed the “national team” by investors, the state players pumped 311 billion yuan, or 76...
