China has vowed to save its crashing stock market, but investors are just not convinced

China's stock market watchdog upped its game over the weekend after its brutal week of selloff, vowing to prevent "Abnormal market fluctuations" - but stock market investors don't seem quite convinced. The statement came after the blue-chip CSI 300 Index plunged as much as 3.4% on Friday - even though Chinese authorities pulled about a dozen moves in January to try to stabilize a stock market rout and support downbeat property market demand. These continued gyrations in China and Hong Kong's stock markets have widened losses that are now totaling $7 trillion following an extended market meltdown since their peaks in 2021, as foreign investors beeline for the exit. Still, Beijing's frequent pronouncements on market stabilization may not be a bad thing. "The frequency of these statements may indicate market stabilization is becoming more important for policymakers," wrote analysts at Dutch bank ING wrote on Monday. "Formalization of a potential market stabilization fund could provide a short-term boost for markets but investor sentiment remains downbeat for now, awaiting improvement in fundamentals," the ING analysts added. China's stocks markets will be closed on Friday and the whole of next week for Chinese New Year holidays.