Capital Market · Full chronicle and history

On November 6, the three major A-share indices closed lower collectively, with the Shanghai Composite Index falling 1.1%, and over 4,700 stocks across both markets declining.

The State Council of the CCP held an executive meeting, requiring the improvement of robust mechanisms for the capital market and the enhancement of intrinsic stock market stability. The swap facility tool has also been transformed from a temporary measure into a long-term institutional arrangement.

On September 9, Haidilao shareholders reduced their holdings to cash out 2.75 billion HKD, coinciding with the implementation of new tax regulations for Chinese offshore trusts, leading to a sharp drop in stock price.

On July 30, 2026, the CCP Central Committee Politburo held a meeting to analyze the economic situation. The Wall Street Journal reported that the meeting emphasized supply-side optimization and the implementation of existing policies, sending a clear signal that there is no intention to unleash flood-style massive stimulus in the face of slowing economic growth.

Fang Xinghai was reported to be under investigation on July 24 and was subsequently taken away by the CCDI. The program stated that he had long been responsible for matters such as capital markets, cross-border funds, and wealth management.

John Moolenaar and Rick Scott sent a letter to the chair of the U.S. Securities and Exchange Commission, calling for a study of restrictions on companies linked to the Chinese military entering U.S. capital markets and a suspension of related securities trading.

In April 2026, Starbucks completed a transaction with Boyu Capital, with 60% of the equity in its China retail business held by funds managed by Boyu, while Starbucks retains 40%. According to Reuters, Boyu's co-founders include a grandson of Jiang Zemin.

China has introduced the new "Nine Guidelines" and the "1+N" policy system to further advance tighter supervision and reform of the capital market.

Huacheng Investment, controlled by Wang Zhanjiang, has entered bankruptcy proceedings.

Zhuhai State-owned Assets transferred its 15% stake in Gree Electric to Hillhouse Capital for 41.66 billion yuan, and Dong Mingzhu and the management team established absolute control over the listed company through various interest arrangements.

The Ministry of Finance issued 270 billion yuan in special treasury bonds to replenish the capital of the Big Four banks, and set up four major asset management companies to strip off 1.4 trillion yuan in non-performing assets.

Illegal short selling and a bull-bear battle broke out in the treasury bond futures market; Wanguo Securities was hit and forced into liquidation; the exchange subsequently declared the last eight minutes of trading void, and treasury bond futures were shut down that May.

The video claims that the Japanese government implemented PKO market support by channeling public pension funds into the stock market, restricting short selling, and designating trust banks to buy shares, and that the support failed after the Nikkei index rose 2.9% in 1993; no public reports of this figure can be found.