A sculpture of bulls in the Lujiazui business district in Shanghai, China, on Tuesday, July 20, 2021. Banks in China kept the benchmark loan rate unchanged, indicating that the central bank is continuing to keep policy stable despite a recent surprise move to add liquidity to the financial system. Photographer: Qilai Shen/Bloomberg
Goldman sees end of selling in Chinese stocks, but CCB, Everbright say only volatility is assured
- Goldman says the end of selling in Chinese stocks is near, with policy backstop shoring up confidence in latest rebound
- CCB International and Everbright Securities are more cautious, as China seeks to repair its economy and tone down intensity of regulatory tightening
A sculpture of bulls in the Lujiazui business district in Shanghai, China, on Tuesday, July 20, 2021. Banks in China kept the benchmark loan rate unchanged, indicating that the central bank is continuing to keep policy stable despite a recent surprise move to add liquidity to the financial system. Photographer: Qilai Shen/Bloomberg
