China State Council Report Backs Central Huijin’s Quasi-Stabilization Fund Role

Cointime update: China’s State Council financial work report, delivered by PBOC Governor Pan Gongsheng on Nov. 3 to the NPC Standing Committee and published Nov. 5, calls for supporting Central Huijin Investment in playing a quasi-stabilization fund role. The report also pledges to broaden medium- and long-term funding sources and market entry channels, and to safeguard stable operations in stock, bond and foreign exchange markets.