Every Step China's Taking to Contain Losses in Financial Markets
Cyclists ride past the People's Bank of China headquarters in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Policy makers in China are taking measures to instill confidence in one of the world’s worst-performing equity markets -- to limited success so far.
The steps, which pale in comparison to policies and restrictions imposed in previous equity-market crises, come after a $1.7 trillion rout took the benchmark stock gauge to a two-year low. The Shanghai Composite Index swung between gains and losses Monday after the central bank cut the amount banks need to set aside as reserves, in a widely expected move.