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BNP Sees China Doing ‘Whatever It Takes’ to Quell Investor Fears

BNP Paribas SA is telling investors to buy shares in Chinese brokerages, arguing that the government will do “whatever it takes” to restore confidence in a turbulent and slumping stock market.

“It’s now all about confidence, as fear will trigger forced liquidations and panic selling,” Hong Kong-based analyst Judy Zhang wrote in a note on Friday.