China freezes new share offers in bid to shore up plunging stock markets

Beijing has also set up a market-stabilisation fund, according to reports, as fund managers pledge to invest $19bn in the local share market China has frozen share offers and set up a market-stabilisation fund, according to reports, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy. The Wall Street Journal report that Beijing has suspended initial public offerings (IPOs) came a few hours after major brokers and fund man...