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China stocks rise as Beijing's emergency moves brings some relief| Reuters

Jul 07, 2015    

SHANGHAI Chinese stocks rose on Monday, as an unprecedented series of support measures unleashed by Beijing brought some relief to a market whose headlong slide over the past three weeks had raised fears about the stability of the world's second-biggest economy.In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company, which in turn would be aided by a direct line of liquidity from the central bank.The CSI300 index of the largest listed companies in Shanghai and Shenzhen closed up 2.9 ...

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