While it is already common knowledge that China has thrown virtually everything at the market in order to halt the ongoing market crash, including arresting "malicious sellers", journalists, and suspicious hedge fund managers, blaming HFTs for daring to sell in addition to buy, and even making trading index futures practically impossible, perhaps the most interesting revelation showcasing China's desperation came from CNBC today which reported that the government recently invited none other than Mr. ETF himself, BlackRock CEO Larry Fink to "discuss the market situation there", or said otherwise: how to manipulate the market more effectively.

CNBC adds that, as expected, Fink "accepted the offer and traveled to China in the last part of August to meet with officials" and conveniently, if redundantly, reminds us that "the request for Fink's expertise comes amid a prolonged slide in the Chinese stock market that has sent shivers through the U.S. and Europe as well. Many of the Chinese government's efforts to prop up the falling market have been seen as ineffective."