Timeline: China’s Market Rout

Chinese Yuan, cc Flickr Japanexperterna.se


November 21 – The People’s Bank of China (PBOC) cuts interest rates by 40 basis points. The Shanghai Composite closes at 2,486.

December 28 – The PBOC changes rules on minimum deposit requirements for Chinese banks to lend, freeing up liquidity to fuel a growing stock rally. The Shanghai Composite closes at 3,357.


January 19 – Beijing moves to restrict margin lending, causing a temporary 8% correction on the Shanghai market.

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