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/Bloomberg
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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.