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Beijing To Convene Stock Market Rescue Meeting As Plunge Protection Goes Into Overdrive

Beijing To Convene Stock Market Rescue Meeting As Plunge Protection Goes Into Overdrive About one week ago, we wrote about China's version of the Plunge Protection Team going into overdrive as Beijing moved to stabilize equities amid an imploding AI trade. Bank of America's Michael Hartnett, BNP Paribas, and Goldman Sachs all pointed to signs of renewed state-backed market support.Fast forward to Sunday: Bloomberg cites local news outlets saying China's central bank, securities regulators, and some securities firms and funds will meet Monday to review ways to boost a relending...
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