Key facts
- State intervention has widened the pricing gap between dual-listed stocks in China and Hong Kong.
- Billions of dollars have been injected by state funds to stabilize Chinese markets.
- The rout has particularly affected Chinese AI and tech firms.
China's efforts to stabilize its equity markets have driven the pricing gap between dual-listed stocks in China and Hong Kong to the widest level in nearly 17 months. The country's "national team" of state funds has injected billions of dollars to arrest a weekslong slide, pushing the markets into bear territory. Despite the intervention, investor confidence remains low, with Chinese AI and tech firms particularly affected by the rout.