Skip to content
The Nexus
BUSINESSJul 20 · 01:41 UTCSCMP WORLDZhang Shidong

Beijing steps in to stem China’s stock market decline with US$8.9b in state purchases

Two state-backed firms in China, China Reform Holdings and China Chengtong Holdings Group, spent a total of 60 billion yuan (approximately $8.86 billion) to purchase mainland-listed stocks as part of government intervention to stabilize the declining stock market.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
China Reform HoldingsorganizationChina Chengtong Holdings GrouporganizationBeijingplace
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting