Chinese stocks rebound after state-backed "national team" reveals buying

Chinese stocks rebounded after state-backed funds revealed they had been buying equities, Bloomberg reported ([Bloomberg](https://news.google.com/rss/articles/CBMisAFBVV95cUxOdml0UkJLZEthNlpuR0VSRkZCaEN3U3BPMXJ3WEtlWkhKaXRSVFZGdWxzdHNxU2xQOUtJNXozT3ZfYy1OZWdLQXNsc21Hczd4MEZNTkdYTkNKSC02Z0dBM3JyWTh2QVpMN0xBaV8zbVB5WVliZl9KVHlvUDRsU3dLNUZFN0RMMnJPZTNlSEdxR1Z5NW0tNU1aWUNNX0xubHVfUC1WbjM2TjFuNmt5V1dSeg?oc=5)), in a sign that authorities are again stepping in to support the country's beaten-down markets. The move lifted mainland and Hong Kong shares after a period of heavy selling. The buyers are part of China's so-called "national team" — state-linked investment vehicles that Beijing has repeatedly deployed to cushion equity selloffs and anchor confidence. Their disclosed purchases signal official discomfort with recent market weakness and a willingness to use public balance sheets to stabilise prices. The rebound comes as Chinese markets have struggled with tepid domestic demand, a property downturn and capital outflows, pressures that have at times pushed valuations to multi-year lows. State intervention has historically provided only short-term relief, and analysts caution that a durable recovery depends on broader economic repair rather than tactical buying. The episode underscores the outsized role of the state in Chinese capital markets and the challenge for global investors trying to price risk in an environment where policy support can arrive suddenly. It also lands against a backdrop of broader US-China trade friction, including fresh signs of strain in critical-minerals flows that complicate the outlook for the world's second-largest economy. *Source Reporters corrects errors promptly. Report corrections to corrections@sourcereporters.com.*