China’s national team players are reluctantly propping up the stock market | Forexlive

This is via an opinion piece from Reuters, saying the support for ‘national team’ buying of stocks (intervention to prop up the market) is only tepid.

Reuters says:

• More than 1,100 companies led by battery
  giant CATL have responded by spending $9 bln buying back shares in Shanghai and Shenzhen so far this year
• Yet that’s only a tepid increase from 2022 when firms spent about 60 billion yuan on share buybacks

Despite the increase Reuters says that “Corporate support
looks half-hearted”.

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It’s a tricky argument to make given the increase though.