Bankster Crime

Exposing Fraud in the Banking System

China’s Stock Market Is in Free Fall 1/18/24

Featured Story

After a challenging couple of years for the Chinese economy, the country’s stock market appears to be in free fall, with officials urging institutional investors not to sell assets in an effort to keep share prices stable as foreigners withdraw.

Chinese equities slumped on Monday as the central bank decided to hold its medium-term policy rate at 2.5 percent instead of cutting it as expected. The country’s CSI 300 plummeted to its lowest level since 2019, shattering the previous record established in October 2023.

Today’s index was up 0.006% from Monday, but it was down 25.64% from a year ago. Global markets, on the other hand, have climbed in the last year, with the S&P 500 expected to gain 24 percent in 2023 to a record high.

While the CSI 300 has progressively declined over the last year, the MSCI World index, which includes large- and mid-cap representation from 23 Developed Markets (DM) countries, has steadily increased since the beginning of the second quarter in 2023.
Advertisement

China’s market officials have attempted to calm the market by imposing restrictions that ban some investors from being net sellers of equities on specific days. This strategy, in which officials provide “window guidance” to aid the country’s stock market recovery, was introduced in October.

Until recently, the authorities’ constraints appeared to be functioning as intended, with the benchmark CSI 300 stock index rising 3% in the last week of 2023, according to the Financial Times.

However, this tiny victory was reversed in the first week of 2024, when authorities were forced to remove limits on several smaller mutual funds and brokers in response to growing customer redemptions, causing the index to decline more than 4% this month.

China’s central bank, the People’s Bank of China (PBOC), has little leeway to improve the country’s economy as the Chinese yuan has weakened in recent months, and the bank is likely to want to minimize further currency depreciation. This year, the yuan has already lost more than 1% of its value against the US dollar.


Treat your skin well. Our soaps are gentle and produce a smooth, creamy lather that is nourishing to your skin. They are handmade in small batches. We use only high-quality natural ingredients. No chemicals, no sodium laurel sulfate, no phthalates, no parabens, no detergents. GraniteRidgeSoapworks

Don't Miss

Former FTX CEO Sam Bankman-Fried Allegedly Being ‘Extorted and Physically Harmed’ in Jail

By StevieRay Hansen

BanksterCrime: Jeremy Lorenzo, aka “Poops,” has given more insights on the difficulties that former FTX CEO Sam Bankman-Fried is allegedly facing during his stay at…

Read More

JPMorgan’s Pampered Client, Jeffrey Epstein, Broke a Lot More Laws Than Just Sex Trafficking of Minors

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: Jeffrey Epstein A closer look at the trail of lawlessness perpetrated by Jeffrey Epstein while he was receiving VIP…

Read More

Grab an Easy Chair and Watch 21 Experts Explore the Path from the Collapse of Lehman Brothers to This Spring’s Banking Crisis to the Urgency of Defanging the Mega Banks

By StevieRay Hansen

BanksterCrime: By Pam Martens and Russ Martens: September 12, 2023 ~ Dennis Kelleher, Co-Founder, President and CEO, Better Markets The outspoken nonprofit watchdog, Better Markets, and its…

Read More

FDIC Releases a New Problem Bank List: It’s an Exercise in Fantasy

By StevieRay Hansen

BanksterCrime:: By Pam Martens and Russ Martens: Last Thursday, the Federal Deposit Insurance Corporation (FDIC) released its Quarterly Banking Profile for the quarter ending June 30,…

Read More

Large Banks Have Bled $921 Billion in Deposits Since April 2022 — the Fastest Pace in 40 Years — and a Much Larger Decline than Small Banks

By StevieRay Hansen

By Pam Martens and Russ Martens: July 6, 2023 ~ You may recall reading a burst of headlines during the banking crisis in March of this…

Read More
Posted in

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *