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China’s regulatory body promises action against USD6tr market slide



In response to a significant market downturn, with shares hitting a five-year low amid USD6tr in losses, China has committed to market stabilisation efforts without detailing specific strategies. The China Securities Regulatory Commission aims to mitigate abnormal market volatility by attracting long-term investments and combating illegal financial activities. Despite these assurances and discussions of a potential stock stabilisation fund, concrete measures to halt the market slump remain unannounced. This lack of action persists amidst economic challenges and geopolitical tensions, contributing to investor uncertainty. The recent market decline has sparked widespread frustration among investors, leading to an unusual surge of grievances shared on the US embassy’s social media in Beijing.

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