Chinese Equities’ Record Losing Streak Tests State Support

Chinese stocks reportedly recorded a 10-week losing streak despite 4.5% Q3 GDP growth, with the CSI 300 about 17% below its June peak and tech shares under particular pressure. Reported ETF inflows point to state-backed support, while weak consumption, investment and property keep confidence fragile. Dividends and buybacks reportedly reached RMB2.1 trillion in 2026, but their durability and effect on market stabilization remain to be seen.