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Ten listed companies in Shenzhen say....>

CHINA PRESS
MNI (London)
CHINA PRESS: Ten listed companies in Shenzhen say they have not yet received
expected bailout funds provided by state-owned enterprises (SOEs), or "are
currently in contact and negotiation stage", or "have no recent progress", The
Paper reported on Thursday.
- The Shenzhen government has initiated plans to inject tens of billions of
funds to ease liquidity pressures on local listed firms amid the recent A-share
rout, mainly by allowing SOEs to purchase shares, with the Securities Times
reporting Tuesday that the first batch of funds has been issued.
- The A-share market rallied, pushing the Shanghai Composite Index back above
2,600 on Wednesday, fuelled -- in part -- by the news, The Paper said.
(Link to the story: https://bit.ly/2z28qP1)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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