BEIJING/SHANGHAI (Reuters) - China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy. In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company which in turn would be aided by a direct line of liquidity from the central bank. China has also orchestrated a halt to new share issues, with dozens of firms scrapping their IPO plans in separate but similarly worded statements over the weekend, in a tactic authorities have used before to support markets.
Reigning world champion Lewis Hamilton won his second successive British Grand Prix on Sunday to extend his lead in the championship standings over Mercedes teammate Nico Rosberg. Hamilton -- the first British driver since David Coulthard in 1999/2000 to post successive wins in the race -- came home 10 seconds clear of Rosberg in yet another Mercedes 1-2, with Ferrari's Sebastian Vettel in third. Hamilton -- whose victory was watched by 140,000 people the largest attendance since 1992 -- took his points tally to 194 and a lead of 17 over Rosberg, who had narrowed the gap to 10 prior to this weekend.