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
  • The 33 per cent plunge in the Shenzhen Composite Index this year has wiped out 7.6 trillion yuan

Topic |   China stock market

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An investor looks at stock information at a brokerage house in Shanghai on October 15. Photo: AFP
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