China Convenes Banks in Bid to Restore Market Calm After Rout - Bloomberg
(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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Shift4 CEO says bids from suitors did not adequately value the firm; shares down
- HashiCorp, Inc (HCP) jumps on M&A rumours
- NASDAQ (NDAQ) has resolved its earlier matching engine issues and all systems are operating normally
Create E-mail Alert Related Categories
Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!