KEY POINTS
  • Chinese authorities are aiming to get about 2 trillion yuan ($278 billion) through offshore entities, according to Bloomberg.
  • Chinese policymakers have also put aside 300 billion yuan of local funds that would be used to invest into onshore shares.
A securities business hall in Fuyang, China, in December 2023.

China is considering a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.

The report, citing people familiar with the matter, said Chinese authorities are aiming to get about 2 trillion yuan ($278 billion), primarily through offshore accounts of Chinese state-owned companies to help stabilize the market by purchasing stocks onshore through Hong Kong markets.