Beijing has attempted to stem the decline by guiding insurers to limit selling and urging state funds to increase purchases. Central Huijin reinvested $43 billion since July, though it still holds an estimated $188 billion in available capital after raising $231 billion from ETF sales in the first half of 2026. Despite these interventions, Bloomberg Intelligence analysts suggest that state buying alone may be insufficient for a sustained recovery as weak corporate earnings and a global unwinding of the AI trade weigh on investor sentiment.
Saturday, October 24, 2026
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China's Equity Market Loses $2.4 Trillion and Slips Into Bear Market
Global Markets2 days ago
The Hang Seng Tech Index plunged 5.3% on Thursday, erasing nearly all the progress made since the government introduced stimulus measures on September 24. This drop pushed the index 43% below its peak and signaled a broader regional slump, with the KOSPI and Nikkei 225 falling 3.5% and 2.7% respectively. On the mainland, the CSI 300 fell 1.8% to close 20% below its June high, officially entering a technical bear market and ending a record 10 week losing streak. Total losses for Chinese stocks have reached $2.4 trillion since May.
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