BEIJING (Reuters) – China Guoxin said it will buy 80 billion yuan ($11 billion) in stocks and ETFs, according to a company notice on Tuesday.
The Chinese state holding company will increase stock holdings via a share buyback relending scheme, it said.
($1 = 7.3081 yuan)
(Reporting by Samuel Shen; Writing by Liz Lee; Editing by Tom Hogue)
