China convenes International Banks to ease market fears and restore calm. China's securities regulator convened a virtual meeting with executives of major investment banks on Wednesday night.
China state media have also published a series of articles reassure and talk up the market. Some analysts speculated government-linked funds have begun intervening to prop up the market.
State media reassures there is no systemic risk and that stock valuations are expected to rebound. The big picture of the economy and liquidity remains intact.
There are no fundamental changes in the onshore market. Regulators catching up on regulatory reviews no different from US and Europe on big tech companies.
Opportunity to buy on dips.
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