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“China’s securities regulator said intervention in the nation’s stock market is necessary at ‘key moments’ because it isn’t mature.  ‘Volatility is high and don’t forget, China is still a developing country,’ Xinhua quoted China Securities Regulatory Commission Chairman Guo Shuqing as saying at a national securities and futures supervision meeting.  Net share purchases by China’s social security fund were 42.8 billion yuan ($6.9 billion) last year and totaled 42.7 billion yuan by qualified foreign institutional investors, Xinhua cited Guo as saying. They were the biggest net purchasers, Xinhua reported.”

http://www.bloomberg.com/news/2013-01-22/csrc-s-guo-says-stock-intervene-needed-at-times-xinhua-says-1-.html