China Considers £222bn Rescue Plan as Stock Market Hits Five-Year Low

More than $6tn wiped off Chinese and Hong Kong stocks since 2021 as government scrambles to halt sliding share prices.

China's stock market has hit a five-year low, with the benchmark CSI 300 Index losing a fifth of its value in the last nine months.
Chinese premier Li Qiang has called for more forceful measures to halt sliding share prices and plunging investor sentiment.
The Chinese government is reportedly considering a £222bn state rescue plan, mobilizing funds from state-owned enterprises to buy shares.
More than $6tn has been wiped off the value of Chinese and Hong Kong stocks since a peak in 2021.
China's economy grew by 5.2% in 2023, but some economists estimate that the true figure was much lower.