China Said to Intervene in Stocks After $590 Billion SelloffBloomberg News
State funds buy after CSI 300 index tumbled 7% on Monday
CSRC signals six-month selling ban on major holders to stay
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.
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