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Measures China has taken to prop up its stock market
Chinese shares rebounded on Tuesday on a Bloomberg News report that said Chinese authorities are considering several measures to bolster the stock market. Policymakers are seeking to mobilise about 2 trillion yuan ($279 billion), mainly from offshore accounts of state-owned enterprises, as part of a fund to buy shares, Bloomberg News reported, citing unnamed sources. The China Securities Regulatory Commission (CSRC) did not respond to a Reuters request for a comment. The authorities have in the past few months put into place several measures to support markets which have slowed, but not stopped, the sell-off.