China's 'national team' battles AI stock rollercoaster

The "national team" of Chinese state-backed funds came into public view on July 19, about a week before memory chip maker CXMT’s initial public offering. (Nikkei montage/Source photos by Getty Images and Reuters) Trading AsiaTech ETFs draw record inflows as Beijing pledges stabilityWATARU SUZUKIAugust 10, 2026 06:00 JST