Since mid-June, the total value of Chinese equities has declined by around 30%. After a brief pause on Monday, prompted by a number of government initiatives designed to prop up the market, selling continued on Tuesday with the CSI300 index, the largest listed companies in Shanghai and Shenzhen ending down 1.8%. The Shanghai Composite Index fell 1.3% and the ChiNext growth board, home to some of China’s smallest, most volatile stocks slumped 5.1%.
The Shenzhen index is now up only 36.6% for the year, a month ago the index had racked up gains of 122%.
Chinese equities: Stemming the decline
In the latest attempt to stem the decline, on Monday China's major insurance firms plowed tens of billions of yuan into Chinese...
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