Chinese shares jump as state investment fund pledges to expand stock holdings to aid sagging markets
==========
Chinese state investment fund Central Huijin Investment promises to expand its purchases of stock index funds to stabilize sagging markets. The Shanghai Composite index jumps 3.2% and Hong Kong's Hang Seng surges 3.9% in response. The China Securities Regulatory Commission welcomes the announcement and promises to support Central Huijin's efforts. It also plans to facilitate share purchases by institutional investors and encourage companies to increase share repurchases. The moves aim to instill confidence and support property developers amidst a property crisis and slowing economy.