Opinion: Politburo Meeting Buoys Chinese Stocks, but Will It Last?

China’s stock market witnessed a remarkable surge on Friday, as shares of brokerages, banks and insurers soared.

The driving force behind the rally became clear after the market closed, when a media outlet reported that the China Securities Regulatory Commission (CSRC) had summoned several leading brokerages to seek their opinions on a Politburo directive that requires authorities to “activate the capital market and bolster investor confidence.”