Chronology of market intervention

Faced with tumbling stock markets, stability-obsessed Beijing policymakers moved to contain the damage and reassure investors.

Beijing launched an extraordinary series of “rescue measures” since late June to stabilize China’s volatile stock markets, which had plunged by nearly 30% in three weeks after hitting historic highs in mid-June

The following timeline sets out the measures, announcements and market developments of the period leading up to the crash: 

June 24 (Wednesday) – The State Council, China’s cabinet, scraps the longstanding requirement that caps lending by commercial banks at 75% of their deposits

June 27 (Saturday) – The People’s Bank of China cuts guidance lending rates by 25 basis points and trims the reserve requirement ratio for financial institutions  

June 29 (Monday) – China Securities Finance Corporation (CSF), the only...

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