Red Capitalism At Work—-Beijing Buys $209 Billion Of Stock To Rescue Shanghai/Shenzhen Casinos

Via China’s biggest state-owned banks have lent a combined Rmb1.3tn ($209bn) to the country’s margin finance agency in recent weeks to staunch a free-fall in the stock market, casting doubt on whether the recent market rebound is sustainable without government support. China Securities Finance Corp was established in 2011 to lend to securities brokerages […]
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