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China’s ‘national team’ of state-owned financial institutions has managed a sharp reduction of its stock holdings without derailing the markets

1 month ago
Sky Canaves
he "national team," a coalition of state-owned financial firms, sold opportunistically to bring down its share of tradeable market capitalization from 11.9 percent at the end of 2015 to 7.3 percent at the end of June 2016.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.