China’s Visible Hand to Move Domestic Stock Markets

choi

Shen Hong, In China, the Visible Hand; Companies were urged by exchange officials not to sell shares amid a rout. Wall Street Journal, Jan 14, 2016.
http://www.wsj.com/articles/chin ... -decline-1452686207

2 1/2 consecutive paragraphs:

"At least 75 Chinese companies issued statements during the past week and a half, saying their biggest shareholders would be holding on to their stakes in order to protect investor interests.

"Officially, the companies were acting spontaneously. But privately, people close to Chinese regulators as well as some of the companies themselves said they were prompted to release the statements by exchange officials, who had called and asked them to issue expressions of support. In many cases, the statements contained similar or nearly identical language.

"The behind-the-scenes activity reflects the secretive, unofficial side to Chinese regulators’ attempts to bolster the country’s sagging stock markets.

My comment:
(a) The online title: The Quiet Side of China’s Market Intervention
(b) There is no need to read the rest of this report.