China Convenes Banks in Bid to Restore Market Calm After Rout - Bloomberg

July 28, 2021 9:02 AM EDT

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(Updated - July 28, 2021 9:10 AM EDT)

China's securities regulator convened a virtual meeting with executives of major investment banks Wednesday night, attempting to ease market fears following Beijing's crackdown on the private education industry, according to Bloomberg, citing people familiar with the matter.

The call reportedly included attendees from several major international banks and was led by China Securities Regulatory Commission Vice Chairman Fang Xinghai. Some bankers left with the message that the education sector polices were targeted and not intended to hurt companies in other industries.

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