March 20, 2023

A man walks past an electronic screen displaying the Shenzhen Component Index in the street on September 23, 2021 in Shanghai, China.


Stakeholders in the affected sectors say the changes weren’t communicated in advance, resulting in great market turbulence. The intensive rollout targeting different sectors made it hard for the market to absorb the changes. Many investors felt that the government held a relatively hostile attitude towards privately owned businesses.

Vincent ChanThe factors that have had the biggest impact on China’s stock market this year have little to do with the economy, the Covid-19 pandemic or U.S. sanctions, but mainly point to a series of new regulations. They include policies aimed at regulating internet platform companies and the education industry, as well as energy conservation and carbon reduction policies that contributed to power shortages in some regions. They also include

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