Press "Enter" to skip to content

CHECK THE WIRE FOR LIVE UPDATES

Local governments including Beijing step in to bail out listed firms amid market downturn

Last updated on October 30, 2018

Chinese stock selloff intensifies on Thursday and the benchmark Shanghai Composite broke through the critical psychological line of 2500 to hit a new low in four years. That makes the index more than 30 per per cent lower than its January high, leaving investors wondering: where is the national team which stepped in buy stocks, as a way to prop up the market in the previous downturns.

This time around, it seems that Chinese government is taking a different approach . . .

To continue reading, please subscribe. You will get

 

  • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilising a network of journalists, traders, brokers, analysts, etc. We walk you through every trading day in China to make you stay in the know. Here are some screenshots of our wire updates.
  • ORIGINAL, IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
  • DETAILS - Get access to important details that you won't find elsewhere.
  • WEEKLY NEWSLETTER - Receive a summary of the week's top news—distilled into one email.

FREE TRIAL cancel anytime

 

Already have an account? Sign In

 

 

Top