SHANGHAI: China’s efforts to arrest destabilising declines in domestic stocks in recent years have become so well recognised that market players coined the term “the national team” to describe buying by state-owned funds.
It’s local authorities who have been most active to cushion what’s been a near-30% plunge in the Shanghai Composite Index from its January high.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
