China is rolling out the verbal intervention in another desperate attempt to underpin the nation's stock market

In the wake of Monday’s massive stock market rout, Beijing has reverted to old ways in an attempt to support frayed investor sentiment – verbal intervention. Speaking through state-run newspaper Xinhua overnight, Zhang Xiaojun, spokesperson with the China Securities Regulatory Commission (CSRC), said the China Securities Finance Corporation would “continue to buy stocks to stabilize the market”. “CSRC is investigating huge stock sell-offs by some individuals and will punish any malicio...