China’s top-down vow to rejuvenate markets hasn’t resonated with investors, as initial excitement evaporates in a mire of continued troubles for the country. Nearly two months after authorities surprised investors by pledging to “invigorate capital markets and boost investor confidence,” traders are not biting. The benchmark CSI 300 Index touched a fresh low for the year this week, and the tech-heavy ChiNext Index is at its lowest level since 2020. What’s more, net foreign outflows from equities show no sign of abating, with sales of 23 billion yuan ($3.15 billion) so far this month after a record 90 billion yuan ... (full story)