China Brokerages Pledge To Buy At Least $19.3 Bln In Shares To Stabilise Market
China's top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion to help stabilise the country's stock markets after a slump of nearly 30 percent since mid-June. The rout in China's highly leveraged stock market has become a major worry for global investors, who fear a meltdown could destabilise the world's second-largest economy ... Read News
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China-listed Firms Rush To File Trading Halts As Markets Slump
The number of Chinese-listed companies seeking to halt trading in their shares has surged since the country's bourses began a precipitous plunge in the middle of last month, prompting concern some firms are trying to escape the turbulent markets. Over 700 firms listed in Shanghai and Shenzhen - equivalent to around a quarter of the firms on the two exchanges - have issued requests to suspend ... Read News
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