Published: 2:15pm, 7 Jul, 2015 Updated: 2:16pm, 2 Sep, 2016 Haitong Securities has agreed to invest up to RMB 15bn ($ 19.3mn ) in buying stocks (blue-chip ETFs) in mainland China 's equity markets, to assist the regulators and central bank in their efforts to stabilise the market, which had fallen 15.24% in three weeks ; Haitong 's commitment is separate to the agreement it had earlier entered into, in which several Chinese securities firms committed RMB 120bn ($ 2.42bn ) towards buying stocks to stabilise the market. However, investors have so far not seemed to have reacted positively to Haitong 's moves; its stock was down 9.24% today , after having fallen 15.24% on three weeks .
Haitong Securities has agreed to invest up to RMB 15bn ($ 19.3mn ) in buying stocks (blue-chip ETFs) in mainland China 's equity markets, to assist the regulators and central bank in their efforts to stabilise the market, which had fallen 15.24% in three weeks ; Haitong 's commitment is separate to the agreement it had earlier entered into, in which several Chinese securities firms committed RMB 120bn ($ 2.42bn ) towards buying stocks to stabilise the market. However, investors have so far not seemed to have reacted positively to Haitong 's moves; its stock was down 9.24% today , after having fallen 15.24% on three weeks .