China sovereign fund Huijin working to stabilise the market, state media says

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China sovereign fund Huijin working to stabilise the market, state media says

, Reuters - 2:44 AM ET 4/7/2025 default

SHANGHAI/BEIJING, April 7 (Reuters) - China's sovereign fund Central Huijin is actively taking measures to stabilise the capital market, the official Securities Times said on Monday, citing sources.

Chinese and Hong Kong stocks dived on Monday after Beijing fired back at U.S. tariffs with its own trade levies, sowing more turmoil in financial markets as investors feared a widening trade war would unleash a deep recession.

(Reporting by Shanghai and Beijing newsroom; Editing by Kim Coghill)

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