Beijing Moves to Halt Stock Market Slide

Chinese authorities announced a series of measures on Monday to stabilize the country's struggling stock market. The actions aim to boost liquidity, lower rates for share buy-back loans, and ease restrictions on leveraged trading. The People's Bank of China (PBOC), the China Securities Regulatory Commission (CSRC), and other financial regulators took these steps after a joint meeting in Beijing. Officials signaled a clear determination to defend the equity market following a recent sell-off.