Meet China’s Stock Savior: He Never Saw the Crash Coming

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Nie Qingping, General Manager of China Securities Finance Corporation Ltd., at a seminar in Wuhan. Photographer: Imaginechina

After China’s stocks crashed in June, the government put more than $400 billion at the disposal of a little-known state agency, the China Securities Finance Corp., headed by an academic and bureaucrat named Nie Qingping. It was told to save the market.

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