China pumps $19 billion into stock funds to halt market slide
Chinese state-backed funds poured 128.7 billion yuan into nine ETFs last week, matching their heaviest buying since April 2025.
China's government has stepped back into the stock market with its heaviest buying since April 2025. State-backed funds injected 128.7 billion yuan, about $19 billion, into exchange-traded funds known as the "national team" last week.
The national team's injection matches the scale of intervention during April 2025, when US President Donald Trump's trade war battered Chinese markets and Beijing launched a series of actions to restore investor confidence.
The buying signals a fresh push to stem a market freefall as authorities scramble to shore up sentiment.
- 128.7 billion yuan
- State funds injected
- 19 billion
- In US dollars
- 9
- Exchange-traded funds
- April 2025
- Previous heavy buying
Why it mattersWhen a country's government directly props up its stock market, it reveals concern about broader economic confidence and suggests officials expect more trouble ahead.
AustraliaAustralian investors with exposure to Chinese equities may see increased volatility as Beijing fights to stabilise its markets; the moves could also signal deeper economic pressure in China affecting Australian exporters.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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