Sources
Brad SetserInteresting. Even more interesting would be the details of how Central Huijin raised the $45b spent propping up the domestic equity market. Dividends from the banks/ investment firms it owns? Borrowing? https://t.co/zWbN3xCLHi
YUAN TALKS#China's state investor Central Huijin estimated to have spent 330 bn yuan increasing #ETF holdings in Q1 to support stock market https://t.co/haGgRmRP6L https://t.co/YducXbYuya
Michael PettisAccording to Caixin's calculation, Central Huijin, a Chinese sovereign wealth fund, spent nearly RMB 330 billion ($45.5 billion) in the first quarter of this year "shoring up the ailing stock market". https://t.co/hRezkma9tG
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