Beijing To Convene Stock Market Rescue Meeting As Plunge Protection Goes Into Overdrive
6 Articles
6 Articles
China to Convene Meeting on Supporting Stock Market, Reports Say
Beijing To Convene Stock Market Rescue Meeting As Plunge Protection Goes Into Overdrive
Beijing To Convene Stock Market Rescue Meeting As Plunge Protection Goes Into Overdrive About one week ago, we wrote about China's version of the Plunge Protection Team going into overdrive as Beijing moved to stabilize equities amid an imploding AI trade. Bank of America's Michael Hartnett, BNP Paribas, and Goldman Sachs all pointed to signs of renewed state-backed market support.Fast forward to Sunday: Bloomberg cites local news outlets saying…
[Cable News] Mainland financial regulators reportedly held a meeting to study and promote the use of capital market instruments. The Shanghai Securities News reported that some securities firms and fund companies have already received [the relevant information].
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