BEIJING: China’s stock rout turned so extreme that state-backed funds intervened to calm the market on Tuesday, but finding any news about what happened proved somewhat difficult on the mainland.
Users could still post using the term, and searches for words that mean “plunge”, “A-shares” and “stocks” were successful as of 11am local time. The report also denied recent “rumours” that insurers had made large-scale redemptions of stock funds, citing investment managers at companies in the sector.
The bearish mood in China’s stock market has been a challenge even for state-backed funds, casting a cloud over the Communist Party’s biggest political event of the year.
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