Investors are hoping the power of Xi's personal attention will rescue China's floundering markets

• China's stock market regulators will be meeting with leader Xi Jinping, Bloomberg reported.
• Markets have rallied on the news as it's stoking hopes that China will roll out a forceful rescue plan.
• China and Hong Kong's stock markets have lost nearly $7 trillion from their peaks in 2021.

China's stock investors may finally be seeing a glimmer of hope.

On Tuesday, Bloomberg reported that regulators led by the China Securities Regulatory Commission, or CSRC, will be meeting Chinese leader Xi Jinping. The plan is to brief the country's top leaders about the state of the markets, Bloomberg reported, citing unnamed people with knowledge of the matter.