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China’s central bank unveiled plans to bolster the stock market through share repurchases by companies
18 October 2024 – 12:20
by Lindiwe Tsobo
The JSE was stronger late on Friday morning, tracking mostly firmer global markets as investors digested new developments in China and US corporate earnings.
China’s central bank unveiled plans to bolster the stock market through share repurchases by companies and major shareholders, sparking a rally in Shanghai. This significant gain was precipitated by Beijing’s announcement of measures to stabilise China’s share markets, including loans to companies and major shareholders at a maximum interest rate of 2.25%, reported Bloomberg. ..
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