The national team just set a record buying the dip in Chinese tech. That is a floor on price, not a floor on fundamental

I keep a small allocation to China tech and watched the chip selloff hit the STAR board harder than most. My feed on July 21 was all cheering, Sina Finance and a WeChat channel I have muted but still check: the index up 10.73% to 1,903.16, biggest one day move in about a year per the exchange data, with a record single session inflow into the main tracking product. I was down enough on the position going into July 20 that the bounce genuinely helped, and I wanted to believe the bottom was in. Th

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