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.  

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