“China’s securities regulator said intervention in the nation’s stock market is necessary at ‘key moments’ because it isn’t mature. ‘Volatility is high and don’t forget, China is still a developing country,’ Xinhua quoted China Securities Regulatory Commission Chairman Guo Shuqing as saying at a national securities and futures supervision meeting. Net share purchases by China’s social security fund were 42.8 billion yuan ($6.9 billion) last year and totaled 42.7 billion yuan by qualified foreign institutional investors, Xinhua cited Guo as saying. They were the biggest net purchasers, Xinhua reported.”
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