China musters ‘national team’ to fight on front line in trade war

Quick Summary:

By the end of Tuesday, more than a hundred of China’s biggest listed companies, including state-owned oil company Sinopec, China Mobile and Moutai — the baijiu spirit brand favoured by the republic’s founder Mao Zedong — had also unveiled pledges to buy back their own shares.

The idea of a national team of powerful institutions came to prominence after China’s stock market crash of 2015-16.

It promised to increase its shareholdings, and was soon joined by China Chengtong Holdings, a state asset manager, which said it would invest Rmb100bn ($13.6bn) in stock markets.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Thomas Hale

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Central Financial Holdings Markets Stock China China’s Fund National Market State-owned

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 01:00:57 (6 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 884 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27766043

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions