China cenbank says it supports sovereign wealth fund stepping in to support stocks

China's central bank said on Tuesday it supported sovereign wealth fund Central Huijin Investment increasing its holdings in stock market index funds.

The People's Bank of China would provide re-lending support to Central Huijin Investment, a unit of China Investment Corp, when necessary to maintain the smooth operation of the capital market, it added in a statement.

On Monday, Huijin intervened to support domestic stocks that had plunged on US tariff woes.

REUTERS