The local governments of Beijing and....>

CHINA PRESS: The local governments of Beijing and Guangzhou are trying to ease

the liquidity pressure for listed companies amid the A-share stock rout,

following Shenzhen's purchases of tens of billions of shares, Shanghai

Securities Journal reported on Thursday.

  - The Gangzhou government is considering bailing out its listed firms with the

risk of equity pledge, according to a government official, after studying

Shenzen's policies, the newspaper said;

  - Beijing has set up a fund worth CNY10 billion to support high-quality tech

firms, from which companies can get funded by assigning no more than 10% of the

equity, the report said.