China deploys state-backed funds including Central Huijin to halt equity selloff, echoing its 2015 playbook. Here's what it means for crypto investors.

China deploys over $7.38 billion in state fund purchases after the STAR Market drops 25%, with CSRC organizing emergency stability talks for July 20.

Chinese state-backed investors China Reform Holdings and China Chengtong have announced fresh equity purchases to stabilise markets after a sharp sell-off. The firms deployed…