Financial Market

China weighs measures to support stock markets, could mobilize $278 billion

A securities business hall in Fuyang, China, in December 2023.

Costfoto | Nurphoto | Getty Images

China is considering a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.

The report, citing people familiar with the matter, said Chinese authorities are aiming to get about 2 trillion yuan ($278 billion), primarily through offshore accounts of Chinese state-owned companies to help stabilize the market by purchasing stocks onshore through Hong Kong markets.

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