China’s volatile share market

China’s stock markets suffered their biggest three week loss in twenty years after falling by nearly 10% on 2-3 July. In what has been interpreted as a ‘state’ intervention, the country's 21 largest investment banks said they would spend about US$19.3 billion to try to stabilize the market and buy stocks themselves. They are being helped by the state-backed margin finance company, China Securities Finance Corp, which in turn would...

read full story