Listed firms do their bit to prop up market

China Vanke takes lead with plan to repurchase $1.61b of shares listed on Shenzhen bourse

While the government takes measures to halt the slide in the nation's stock market, listed companies are also taking steps to restore investor confidence.

Experts said the purpose of government intervention should be to stabilize the market and a critical determinant of further intervention depends on whether the volatility on the small and medium-sized enterprise board and ChiNext board will continue to unsettle the rest of the market.