A stock market slump has put many of China’s privately owned firms under huge financial pressure. Photo: AP

China’s troubled private listed firms offered billion-dollar bailouts

  • Authorities in Guangdong, Zhejiang pledge more than US$2 billion to save firms that put up stock as collateral for bank loans from forced share sales
Topic |   China economy

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A stock market slump has put many of China’s privately owned firms under huge financial pressure. Photo: AP
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