China Urges Big Investors to Buy Stocks After Market Tumbles Fintech Zoom World Finance ChinaPulse.com China News, Data, Media Intelligence and Insights ChinaPulse.com China News, Data, Media Intelligence and Insights


Source: chinapulse.com chinapulse.com

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(Bloomberg) — China prodded some of the country’s banks, insurers to buy more stocks, stepping up efforts to stem the market’s slide toward a two-year low. Most Read from Bloomberg The nation’s securities regulator issued the guidance at a Thursday meeting with investors including the country’s giant social security fund, just as the benchmark CSI 300 Index was sinking toward the lowest level since June 2020. The gauge was little changed on Friday after erasing a drop of as much as 1.1%. Chinese equities have lost about $2.7 trillion of market value this year as the nation’s strict Covid Zero...