Chinese Stocks Rebound as Officials Consider Market Rescue Package
- HSCEI gauge rises after closing at lowest since October 2022
- Investors uncertain if rebound in equities will be sustainable
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Chinese stocks in Hong Kong rebounded as policymakers were said to consider a package of measures to stabilize the slumping market, giving investors hope that the battered asset class may see at least short-term relief.
The Hang Seng China Enterprises Index rose as much as 3.8%. Authorities are seeking to mobilize about 2 trillion yuan ($278 billion) as part of a stabilization fund to buy shares onshore through the Hong Kong exchange link, according to people familiar with the matter.