Two districts in Beijing have set up....>

CHINA PRESS: Two districts in Beijing have set up a total CNY35 billion funds to

ease the liquidity pressure of local companies amid the recent A-share

turbulence, Beijing Daily reported.

- Xicheng district will launch a CNY10-billion fund pledging equities or issuing

convertible bonds. The fund will not seek controlling rights of companies or

interfere their operations, and it plans to withdraw from the market once their

liquidity crisis resolved, the daily said;

- Chaoyang district will integrate all fund resources totaling CNY25 billion to

support corporate financing, especially for private enterprises in the cultural

and scientific and technology sectors, the newspaper said.

(Link to the story: https://bit.ly/2OWYUaF)