CSF to supply money to buy public offering of fund

BEIJING - China's securities watchdog announced on Thursday that China Securities Finance Corporation Limited (CSF), the national margin trading service provider, will provide liquidity to apply for the purchase of public offering of fund.

The decision was made by the China Securities Regulatory Commission (CSRC) on Wednesday, said Deng Ge, a spokesperson for the CSRC.

The CSF will provide liquidity to buy public offering of fund and inject liquidity to fund companies, so as to boost investors' confidence and ensure stable performances of the sector, Deng said.

The move is aimed at helping professional institutional investors steady the capital market, Deng said.