Article FMRH China's stock market remains jittery after greatest losses since 2007

China's stock market remains jittery after greatest losses since 2007

by
Tom Phillips in Beijing
from on (#FMRH)

Beijing vows to buy stocks to prop up stock market, regulator says, as shares slump then rise after Monday's frenzied selling

Beijing has vowed to step up its interventions in China's volatile stock market following a traumatic day on Monday when stocks suffered their greatest losses since 2007.

A government-controlled stock-buying agency would "continue to buy stocks to stabilise the market", said Zhang Xiaojun, a spokesperson with China's security's regulator, the CSRC.

Related: Stock market advice for China: when in a hole, stop digging

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