Markets have rallied on the news as it's stoking hopes that China will roll out a forceful rescue plan.
China and Hong Kong's stock markets have lost nearly $7 trillion from their peaks in 2021.
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily.
The plan is to brief the country's top leaders about the state of the markets, Bloomberg reported, citing unnamed people with knowledge of the matter.
But some analysts see these moves as less powerful than Xi's personal participation in stabilizing the markets — even though it's unclear if any new support measures will result from the meeting, Bloomberg reported.
Persons:
Xi Jinping, it's stoking, —, Hang Seng, Xi, Li Weiqing, Li
Organizations:
Bloomberg, Markets, Service, China Securities Regulatory Commission, Hang, CSI, ING, Investment Management, Business
Locations:
China, Hong, Hong Kong, Beijing, Singapore