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Global Exodus From Chinese Markets Prompts Xi to Change Tack

  • Beijing appeals to international investors after equities sink
  • Top officials pledge more transparent and predictable policies
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WATCH: A global exodus from Chinese markets prompts President Xi Jinping to change tack to stabilize the economy and financial markets.Source: Quicktake by Bloomberg

It took one of the biggest stock-market routs in Chinese history, but President Xi Jinping may finally be heeding the concerns of international investors.

A sweeping set of promises this week from Xi’s government to make regulation more transparent and predictable -- as well as a commitment to overseas markets including Hong Kong -- suggests authorities are appealing to investors abroad. The ruling Communist Party is seeking to regain the trust of international funds and the global business community after the country was lumped in with Russia as an “uninvestable” destination.