(Reuters) – China’s near-$50 billion bid for market calm might backfire. The securities regulator last week approved six new funds that will guarantee demand for a string of big tech listings, while locking up backers’ money for three long years. The intention is probably to dampen a frothy market, but there could be unintended consequences: thinly traded stocks that are, in fact, more volatile and fund investors who might end up regretting being trapped.
China’s $50 bln bid for market calm might backfire
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