China Mulls Market Stabilization Fund to Bolster Confidence Amid Stock Volatility

China considering creating a stabilization fund to boost confidence in stock markets, per Bloomberg report

Financial regulators including CSRC submitted preliminary plan to top leadership after consulting industry

Fund could have access to hundreds of billions of yuan in capital

China's big 4 state banks said their state parent bought their Shanghai-traded shares, plans more

Comes as China aims to prop up markets amid recent volatility