China’s desperate stock traders keen for policy ‘bazooka’ to rouse US$10 trillion bear market from slumber

Software engineer Jacky Jia has been paying more attention than usual to his stocks portfolio since China launched a torrent of measures aimed at boosting the beleaguered market in recent weeks.

Regulators have slashed the stamp duty on transactions, restricted divestments by major shareholders and taken tighter control of approving new share offerings in a string of actions that have taken the immediate sting out of the sell-offs that have roiled the onshore market.

Having banked a reasonable…