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Beijing support to stay despite rumours, says Coutts

Another market plunge on Monday – the second sharpest daily fall ever for A shares – came on the back of speculation that Beijing would withdraw market support, said Coutts. The private bank’s investment strategist Rashmi Sadhwani added in a note however, that this is likely untrue, and policy support should continue. The bank’s China asset allocation strategy continues to…

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