An investor looks at stock information at a brokerage house in Shanghai on October 15. Photo: AFP
Is Chinese capitalism in crisis, as stock market rout drives private companies into the state’s arms?
- China is sitting on a minefield of collateralised loans, with a third of the 4.5 trillion yuan of pledged shares almost at forced liquidation levels
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The 33 per cent plunge in the Shenzhen Composite Index this year has wiped out 7.6 trillion yuan
The 33 per cent plunge in the Shenzhen Composite Index this year has wiped out 7.6 trillion yuan
An investor looks at stock information at a brokerage house in Shanghai on October 15. Photo: AFP