Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders. Beijing also reported that the Chinese economy slowed further in the last quarter,

China’s 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness.

China's central bank kicked off two funding schemes on Friday that will initially pump 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People's Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September,

An epic Chinese stock market rally lost steam after comments from the nation’s economic planners cast down hopes for more fiscal stimulus measures.

Twenty-one banks to extend loans for stock buy-backs and stake hikes as the part of the 300 billion yuan scheme unveiled late last month.

China's abrupt and ferocious stock market rally has slammed some of the country's biggest hedge funds, forcing them to hastily cover short positions and take losses on their bets in the heavily regulated derivatives market.