China's 'national squad' confronts the ups and downs of AI stocks

China's 'national squad' confronts the ups and downs of AI stocks
Summary
Chinese state-backed funds, dubbed the "national team," emerged prior to CXMT's IPO.
The funds are actively managing volatility in the AI stock market rollercoaster.
Tech ETFs have seen record inflows amid Beijing's commitment to market stability.

Share

Bookmark

Newsletter

On July 19, the "national team" consisting of state-supported funds from China gained attention, just days prior to memory chip manufacturer CXMT's upcoming initial public offering. Amid significant market fluctuations driven by artificial intelligence stocks, this group is actively working to stabilize the situation. Concurrently, technology exchange-traded funds (ETFs) are experiencing unprecedented inflows, a trend supported by Beijing's commitment to ensure market stability during these volatile times.

Loading comments...