Summary: China’s retail investors are joining the state-backed “national team” to defend the stock market, viewing it as a way to show solidarity with Beijing in the US-China trade war. This patriotic fervor is unusual for small investors, known for their casino mentality, and is seen as a positive development by authorities seeking to stabilize capital markets. The buying has been focused on sectors benefiting from China’s national agenda, such as defense, consumer, and semiconductors, leading to a rebound in China’s stock market after a slump in early April.

Link: https://www.straitstimes.com/business/companies-markets/for-our-country-chinas-retail-investors-join-national-team-to-defend-the-stock-market