China Convenes Banks in Bid to Restore Calm After Stock Rout
CSRC meeting follows sharp drop in China’s equity market. Investors have been spooked by crackdown on education firms. China’s securities regulator convened a virtual meeting with executives of major investment banks on Wednesday night, attempting to ease market fears about Beijing’s crackdown on the private education industry.The hastily arranged call, which included attendees from several major international banks, was led by China Securities Regulatory Commission Vice Chairman Fang Xinghai, p
China Convenes Banks in Bid to Restore Calm After Stock Rout
CSRC meeting follows sharp drop in China’s equity market. Investors have been spooked by crackdown on education firms. China’s securities regulator convened a virtual meeting with executives of major investment banks on Wednesday night, attempting to ease market fears about Beijing’s crackdown on the private education industry.The hastily arranged call, which included attendees from several major international banks, was led by China Securities Regulatory Commission Vice Chairman Fang Xinghai, p