China Said to Intervene in Stocks After $590 Billion Selloff

  • State funds buy after CSI 300 index tumbled 7% on Monday
  • CSRC signals six-month selling ban on major holders to stay

China Said to Intervene to Support Chinese Stocks

China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.