How China Uses a ‘National Team’ to Influence Trading

China’s stock market has long been more volatile than Beijing would like, a problem that has taken on greater urgency as the government tries to shift growth away from property...

By John Liu, April Ma · Bloomberg Markets

China’s stock market has long been more volatile than Beijing would like, a problem that has taken on greater urgency as the government tries to shift growth away from property and debt and toward technology and innovation. Equities are increasingly expected to help fund companies, support household balance sheets and reinforce confidence at a time of intensifying economic pressure and strategic rivalry with the US.