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China did that in 2015 when stock were tanking. "...forced state-owned brokers to promise to buy stocks until the index reached a higher level, mobilized state
by fma 8y ago
China did that in 2015 when stock were tanking.
"...forced state-owned brokers to promise to buy stocks until the index reached a higher level, mobilized state-controlled funds to purchase equities, and promised unlimited support from the central bank. "
https://www.brookings.edu/opinions/making-sense-of-chinas-stock-market-mess/ https://www.brookings.edu/opinions/making-sense-of-chinas-st...
- C1sc0cat 8y agoThey tried that in 1929 with the Great Crash - it didn't work long-term.