Gov't Stock Market Savior 'Invests 200 Bln Yuan in Five Funds'

(Beijing) – The firm that has spearheaded the government's stock market bailout has invested 200 billion yuan to create five public funds, two people with knowledge of the matter say.

China Securities Finance Corp. (CSF) is said to have plowed at least 1 trillion yuan into the A-share market since July 6, snapping up stocks to prevent their prices from collapsing amid the most severe liquidity crisis the bourse has seen in years.