On April 9th, an article in the front page of China Securities pointed out that since April 7th, the “combination punch” of stabilizing the market has been quickly deployed and coordinated, from the intensive deployment of multiple departments such as the central bank, the State Administration of Financial Regulation, and the State owned Assets Supervision and Administration Commission, to the active role of the Central Huijin Company in playing a similar role as a “stabilization fund”, and then to the National Social Security Fund Council, state-owned capital operation companies, state-owned enterprise groups, insurance institutions, and listed companies implementing “real money and silver” increases and repurchases, sending a strong signal to the market to “stabilize the stock market”. With the support of more optimized market stabilization mechanisms, sufficient policy tool reserves, and stable to positive fundamentals, the effectiveness of policy “combination punches” will be better utilized, which will further enhance the confidence of the stock market to be “stable”. Stabilizing the stock market “is a clear deployment made by the Central Economic Work Conference and the National People’s Congress. The launch of this policy “combination punch” not only demonstrates the firm attitude of all parties to actively implement the central requirements, but also sends a strong signal that the stabilizing force will continue to strengthen, and will strive to promote the development of the capital market to form a good interaction driven by institutional reform, fundamental support, policy escort, and market investment value enhancement.
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