China brokerages pledge to buy at least $19.3 billion in shares to stabilize market
July 04, 2015 at 03:51 AM EDT
BEIJING (Reuters) - China's top 21 securities brokerages said on Saturday that they would collectively invest at least 120 billion yuan ($19.3 billion to help stabilize the country's stock markets after a slump of nearly 30 percent since mid-June.