Policymakers are seeking to mobilise about 2 trillion yuan ($278.53 billion), mainly from offshore accounts of state-owned enterprises, as part of a stabilisation fund to buy shares onshore through the Hong Kong exchange link, Bloomberg News reported.
The Nasdaq Golden Dragon China Index is trading near its lowest level since 2013.
It's plummeted 14% already this year amid signs the world's second-largest economy is faltering.
Policymakers in China are battling deflation, weak demand, and a property-market crisis.
US-listed Chinese stocks have slumped to their lowest level in over a decade as Beijing struggles to reverse deflation, revive growth, and end a seemingly never-ending property-market crisis.
This, I believe, is the biggest reason U.S. financial markets have been doing so well. It's still the safest bet