24H | China ADRs & ETFs Surge as PBOC Vows Funding Support to Sovereign Fund to Stabilize Market. YINN up 13.5%; PDD, Alibaba, NIO up 2%

Tiger Newspress

04-08

China’s central bank said it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks.

China ADRs and ETFs surged in overnight trading after the news. YINN up 13.5%; CHAU up 7.3%; PDD Holdings, Alibaba, NIO up more than 2%.

The People’s Bank of China will step up funding aid via a re-lending program to Central Huijin Investment Ltd. when it’s necessary, in order to safeguard the stability of capital markets, it said in a statement Tuesday.

China’s state-backed funds including Central Huijin earlier announced plans to buy local stocks in a bid to support the market hurt by US tariffs.

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YINN up 13.5%; PDD, Alibaba, NIO up 2%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2025-04-08 09:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>China’s central bank said it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks.</p><p>China ADRs and ETFs surged in overnight trading after the news. 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