SAFE Unit Played Stabilization Role in Chinese Equities

Posted on 04/04/2016

China’s State Administration of Foreign Exchange (SAFE) had provided a level of market support when it used vehicles to invest in mainland China’s A-share market. Formed in 2014, Wutongshu Investment Platform Co Ltd. is owned by SAFE. Wutongshu purchased shares in a number of “blue chip” Chinese companies such as of Bank of Communications Co, […]

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