{"id":13635,"date":"2024-02-08T12:30:36","date_gmt":"2024-02-08T12:30:36","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=13635"},"modified":"2024-02-08T12:06:34","modified_gmt":"2024-02-08T12:06:34","slug":"what-is-happening-in-chinas-stock-market","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/what-is-happening-in-chinas-stock-market\/","title":{"rendered":"What is happening in China\u2019s stock market?"},"content":{"rendered":"

China\u2019s markets have continued a multi-year slide in recent days, prompting China\u2019s securities regulator to introduce new measures and even change its senior leadership.<\/h3>\n

On Monday, 5 February, China\u2019s blue-chip CSI 300 Index fell by close to 5%, hitting its lowest level since 2019. Confidence in the market has waned amid an economic turndown, driven by issues such as a debt-ridden property industry<\/a>.<\/p>\n

\"Launchpad<\/a><\/p>\n

The latest fall came on a day of highly negative news, which did little to help sentiment. Chinese billionaire banker Bao Fan, who vanished from public view last year, resigned from all roles at his firm, China Renaissance Holdings. Elsewhere, the former president of China Merchants Bank, Tian Huiyu, was handed a suspended death sentence for corruption and insider trading. The court said that he had used his position to accrue illegal gains of over RMB 290 million (\u00a332.2 million).<\/p>\n

The sliding markets prompted further action by the country\u2019s regulator, the China Securities Regulatory Commission (CSRC).<\/p>\n

On Sunday, 5 February, CSRC issued a statement promising more market stabilisation methods, a listening ear for investors, and a crackdown on misbehaviours such as market manipulation.<\/p>\n