12 April 2022 1 Min Read
NEWS LEADER
WATCH: China urges listed firms to buy back shares
Business Day TV speaks to Prescient Investment Management’s Liang Du
A pedestrian walks past an electronic screen displaying the Hang Seng Index, left, and the Hang Seng China Industry Top Index in Hong Kong. Picture: CHAN LONG HEI/BLOOMBERG
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The Chinese government is urging long-term investors to buy more equities and wants large shareholders of listed firms to increase their holdings. The efforts are part of its bid to stabilise a stock market that has taken a hard knock from the Covid-19 pandemic. Business Day TV caught up with Prescient Investment Management’s Liang Du for his views.
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