Shanghai Stock Exchange

50 Brokerages Inject US$16b To Support Shaky Market

Fifty Chinese brokerages have vowed to pledge a total of 100 billion yuan ($15.7 billion) to back up stock purchases, as regulators move to further prop up the shaking market, reported Securities Times.

Stocks Plunge Most Since 2007 As State Support Measures Fail

Stocks tumble the most since 2007, as policy support measures fail to restore market faith.