As China Revives Stock Intervention, Foreign Funds Lose Patience
- Plan for an extension of share-sale ban draws criticism
- Foreign investors withdrew funds from ETFs in recent months
RBS: China's Slowdown Will Come Back in 2016
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China’s latest efforts to rescue its stock market are driving away some of the world’s biggest investors.
Policy makers revived intervention in the $6.5 trillion market this week, as state-controlled funds bought equities on Tuesday and the securities regulator signaled a selling ban on major investors will remain beyond its Jan. 8 expiration date, according to people familiar with the matter. The measures to combat a 7 percent selloff at the start of 2016 follow unprecedented intervention to prop up shares during a $5 trillion rout over the summer.