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China Central Bank Pledges Liquidity Support to Stock Market

Updated on

China’s central bank will provide “ample liquidity” to aid the nation’s plunging stock market, it said in a statement on its website Wednesday.

The People’s Bank of China published the statement minutes after the Shanghai Composite Index fell as much as 8.2 percent at the open. The index pared losses after the announcement, trading 4 percent lower at 10:14 a.m. local time.