It rose to prominence when China’s stock market imploded in 2015, spending billions of dollars on equities as the authorities hurried to stem the losses. Now, with more than $6 trillion wiped off the value of Chinese and Hong Kong shares since a peak in 2021, there’s high anticipation that the “national team” will ride to the rescue once more.
When Stocks Crash, China Turns to Its ‘National Team’
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