President Xi Jinping is set to receive a briefing from Chinese regulators on financial markets, according to people with knowledge of the matter, underscoring an urgency in Beijing to prop up the country’s plunging stocks.
Regulators led by the China Securities Regulatory Commission plan to update the top leadership on market conditions and the latest policy initiatives as soon as Tuesday, said the people, asking not to be identified as the matter is private. The timing is subject to change, the people said. It’s unclear whether any new support measures will come out of the meeting.