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China funds waiting with 'ammunition' to re-enter stock market: state media

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Published Fri, Aug 7, 2015 · 09:50 PM

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Shanghai

CLOSE to 300 China funds that oversee more than one trillion yuan (S$223 billion) are sitting on the sidelines with "ammunition" to enter the stock markets at any time, the Shanghai Securities News reported on Friday, citing its own calculations.

The report is the latest attempt by China's state media to restore confidence in the country's markets after a 25 per cent crash in late June and early July rattled both leaders in Beijing and global investors.

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