China CSF Said to Seek $322 Billion More Funding to Boost Stocks

China Securities Finance Corp., the government agency mandated to buy stocks to stem a market rout, is seeking access to an additional 2 trillion yuan ($322 billion), said people with knowledge of the matter.

The extra funding would add to the 3 trillion yuan already made available by the government, according to the people, who asked not to be identified because the target hasn’t been made public. The 5 trillion yuan total may change depending on market conditions, they said.