Comment on China to create $19B fund to support plunging stock market

China to create $19B fund to support plunging stock market

NEW YORK (AP) — China has reportedly decided to bar new public offerings of stock and will create a fund to stabilize its stock market, which has been roiled by a wave of selloffs.. Twenty one Chinese securities companies, in a statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks.Read more on NewsOK.com

 

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