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PBOC to buy Chinese stocks and stock ETFs? Probably not.

(The article has 786 words)

There has been a heated discussion these two days about the possibility for Chinese central bank to buy A-share stocks or stock ETFs, just like what the Bank of Japan has been doing, as a way to stabilize the market and boost market confidence.

The discussion sparked an excitement among investors which is believed to have contributed to the stock market rally on Wednesday.

However, the excitement was dampened by Sheng Songcheng, advisor of Chinese central bank, who said Wednesday afternoon “there is no valid reason” for the . . .

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