China State Funds Said to Buy More Shares After Market Rout

January 8, 2016 6:56 AM

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China intervened to shore up its slumping stock market for at least the second time this week as state-controlled funds bought equities, according to people familiar with the matter.

Government funds purchased local stocks on Friday, bolstering the market after regulators scrapped circuit breakers that ended trading early on two days this week, said the people, who asked not to be identified because the buying wasn’t publicly disclosed. Funds purchased financial shares and other...

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