Bloomberg Intelligence says that buying from the "national team" of state-backed funds may be insufficient to spark a sustained recovery on its own. These official funds recently injected 18.8 billion yuan ($2.8 billion) into the E Fund CSI 300 Index ETF, a record for the fund, to shore up confidence. This intervention follows a similar strategy used in July to ensure capital access for the tech sector after a previous selloff.
Thursday, October 22, 2026
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CSI 300 Index Drops 20% into Official Bear Market
Global Markets2 hours ago
The mainland's benchmark shares have traded in the red for 10 consecutive weeks, marking the longest losing streak in the history of the gauge. This slump has pushed the CSI 300 index down 20% from its June peak, officially triggering a technical bear market. To prevent further losses, Beijing has urged companies and state funds to acquire equity and provided window guidance to major insurance firms to limit selling, specifically to support pressured technology stocks and AI companies.
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