Chinese banks stump up $209bn to save stock market

Alice Rigby
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Chinese equities have rallied strongly after it was revealed state banks have lent some 1.3trn yuan ($209bn) to the country's margin finance agency in the latest step to prevent a market freefall.

China Securities Finance Corporation, the country's margin finance agency, was created in 2011 to support securities brokerages in their lending to stock investors. Overnight, Chinese finance publication...

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