Chinese Stock Crash 2015
About Chinese Stock Crash 2015
A massive stock market crash in China after a debt fueled boom. The Shanghai Composite Index rose 150 percent in the year before June 2015, then collapsed by over 40 percent in two months. Millions of retail investors who had borrowed money to buy stocks were wiped out. The government intervened aggressively, arresting short sellers, suspending trading, and ordering state owned entities to buy stocks. Over 1,400 companies halted trading. The crash undermined confidence in Chinese financial governance and revealed the instability of retail driven markets. The Shanghai Index has never returned to its 2015 peak.
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