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China's national team drops $9B in share purchases to prop up its stock market
China's state-backed national team purchased $9 billion in shares to stabilize equity markets, continuing a pattern of government intervention since 2015.
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caixinglobal.com
China Deploys ‘National Team’ in Multi-Pronged Stock Market Rescue
State-backed enterprises unleash billions in capital to stem a brutal sell-off
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scmp.com
Beijing steps in to stem China’s stock market decline with US$8.9b in purchases
The CSRC is set to convene on Monday as state-backed firms buy 60 billion yuan of stocks amid market turbulence.
