Market interference: An investor looks at a screen showing stock movements at a stock brokerage house in Beijing. Chinese policymakers, who took unprecedented measures to prop up stocks during a summer crash, are stepping in once again to combat a rout that erased US$590bil of value in the worst-ever start to a year for the nation
Govt funds buy local shares to support shrinking stock market
BEIJING: China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signalled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter.
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