Finance — CHINA 'NATIONAL TEAM' INJECTS 60B YUAN TO STABILIZE MARKETS AMID VOLATILITY

State-backed investment funds in China, known as the "national team," have purchased 60 billion yuan (HK$69 billion) worth of mainland stocks in a bid to support the market. The move comes as the country's securities regulator pledged to implement "coordinated measures" to ensure stability. The intervention follows a period of market turbulence and aims to restore investor confidence.