Chinese authorities are reportedly considering mobilizing 2 trillion yuan ($278 billion) from offshore state-owned company accounts to purchase stocks onshore via Hong Kong markets. An additional 300 billion yuan in local funds would be used by state financial firms to invest in mainland shares. This aims to stabilize China's stock markets, with the CSI 300 falling 11.4% in 2023 and Hong Kong's Hang Seng down nearly 14%. Chinese Premier Li Qiang said they will roll out measures to support the markets and strengthen confidence.