China’s national team players are reluctantly propping up the stock market

That is by way of an opinion piece from Reuters, saying the assist for ‘nationwide group’ shopping for of shares (intervention to prop up the market) is just tepid.

Reuters says:

• Greater than 1,100 firms led by battery
  big CATL have responded by spending $9 bln shopping for again shares in Shanghai and Shenzhen to this point this yr
• But that’s solely a tepid enhance from 2022 when corporations spent about 60 billion yuan on share buybacks

Regardless of the rise Reuters says that “Company assist
appears to be like half-hearted”.

—

It is a difficult argument to make given the rise although.