China Stocks Rebound as Beijing Intensifies Efforts to Stem Rout

(Bloomberg) — Chinese equities rallied as Beijing stepped up its efforts to stem a rout with a string of policy announcements including a state fund’s vow to boost stock purchases.

The onshore benchmark CSI 300 Index rose nearly 3% just after the midday break Tuesday, offering a reprieve to investors who have had to grapple with wild market swings over the past two sessions. Small-cap stocks, which bore the brunt of the recent selloff, also rebounded, with the CSI 1000 Index up more than 2%.