China’s social security fund boosts stakes in A-share firms in first 7 months, data shows

China’s social security sovereign fund cast a vote of confidence in the onshore stock market by increasing stakes in A-share companies in the first seven months of this year, financial data showed. The buying came as the CSI 300 Index, which tracks the 300 largest and most liquid stocks listed on the Shanghai and Shenzhen exchanges, slipped 2.16 per cent in the first half. Global sell-offs in artificial intelligence stocks have spilled over into A shares. China’s National Social Security Fund...