Caixin Media
07.20.15
How Beijing Intervened to Save China’s Stocks
Top executives from 21 securities firms spent the morning of Saturday July 4 pinned to government office chairs while the future of China’s stock markets hung in the balance.They’d been summoned on a day off to the Beijing office of the China...
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Beijing will do whatever it takes to avert a collapse in the stock market; authorities have already taken steps to boost sentiment and liquidity, including an interest rate cut.