‘Share pledge’ bailout funds now exceed US$71.96 bn

More than 500 billion yuan (US$71.96 billion) in bailout funds have been proposed or established by local governments, brokerages and insurance firms to help private companies with liquidity issues or “share pledge” risks, according to a calculation by Securities Daily. Local governments and the State-owned Assets Supervision and Administration Commission (SASAC) of the 17 provinces including […]