China banks lend $209 bln to margin lender to lift stock prices -media

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China banks lend $209 bln to margin lender to lift stock prices -media

China banks lend 9 bln to margin lender to lift stock prices -media
BEIJING, July 17 (Reuters) - China's biggest banks have lent 1.3 trillion yuan ($209.4 billion) to the country's state-backed margin lender to halt a meltdown in Chinese shares, local media said on Friday, underlining the government's determination to support stock prices.

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