A timeline of the rise, fall, and government interventions to save China’s equity markets:

2014

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.

2015

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

February 4 – The PBOC cuts the reserve requirement ratio to free up bank lending and ease liquidity concerns.

March 8 – The Ministry of Finance announces a plan to allow debt-ridden local governments to swap high-interest debt for lower cost bonds, freeing up more money for growth-producing stimulus projects on the local level.

February 7-13 – The PBOC pumps 205 billion yuan into the financial system for easing purposes.