China Regulators to Meet Banks to Discuss Stock Market Support

Chinese financial regulators plan to hold meetings with major banks and securities firms on Monday to discuss measures to support the slumping capital market.

A major state-owned bank intends to increase its lending quota by up to 200 billion yuan to two state asset management firms for stock purchases.

The intervention follows the CSI 300 Index tumbling into a bear market in October after falling 8.5% and dropping for 12 straight weeks.