China steps up bid to calm markets ahead of key leadership meeting

Brokerage houses ordered to avoid massive share sales to cap volatility

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The People's Bank of China this week warned traders over betting against the sliding yuan. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- China's financial regulators are moving to stabilize equity markets and reverse a slide in the yuan in the run-up to a key national leadership meeting this month. But a gloomy growth outlook at home and a slumping global economy could foil their bid for calm.

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