China’s central bank is preparing to inject more than 100 billion yuan, roughly $15 billion, into the stock market through a liquidity program for brokers, insurers and fund companies. Thirty-one financial firms have already applied. Beijing also cut the rate on its share-buyback lending program from 1.25% to 1% and made the facility permanent. The intervention follows an 8.5% October drop in the CSI 300, its worst month since early 2016. On October 19, China’s securities regulator had already promised to prioritize market stability, with the technology-focused STAR 50 nearly 40% below its June peak. The property collapse remains in the background: nationwide property investment fell 19.2% in the first 7 months of 2026, while land-sale revenue dropped 30.8%. Beijing is now using central-bank liquidity and pressure on listed companies to support share prices while the property crisis and weak consumption continue weighing on confidence.
12 straight weekly losses for the csi 300
totally fine pic.twitter.com/xX2KVLVt6J
— bearly profitable (@bearlyprofit) November 1, 2026
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