China's stock market has been in a downward spiral since hitting a peak in June, with the benchmark Shanghai Compiste Index shedding more than 30 percent.
The government has rolled out a streak of supportive measures, including asking 21 major securities brokers to spend 128 billion yuan (20.61 billion U.S. dollars) on exchange traded funds (ETF) that track the performance of blue chip stocks on Monday.
China Securities Finance Corporation Limited (CSF), the national margin trading service provider, will purchase more shares of small- and medium-sized listed companies to ease stock market liquidity, it announced Wednesday.
