China National Team’s $68 Billion Exit Alters Stock Strategies

For years, investors in China’s stock market took comfort in an unseen backstop: the so-called national team, quietly deploying vast firepower to cushion selloffs and stabilize prices.

By John Liu, April Ma, Mengchen Lu · Bloomberg Markets

For years, investors in China’s stock market took comfort in an unseen backstop: the so-called national team, quietly deploying vast firepower to cushion selloffs and stabilize prices.