China - Securities Times: Brokers providing more funds to CSFC for market intervention

MNI reporting on a Securities Times piece:

• Chinese brokerage houses are providing more funds to the China Securities Finance Corp for stock market intervention
• Many listed brokerage houses issued statements last night saying they were giving no more than 20% of their net assets to CSFC
• CSFC will use the money to set up a special account for investment in blue chip stocks