2026-10-30
October 30 was the last trading day of October. The Shanghai Composite Index fell 1.44%, the Shenzhen Component Index fell 2.73%, the ChiNext Index fell 4.13%, and the STAR 50 Index fell 5.48%. Over 4,600 stocks across the market declined. For the month, the ChiNext Index fell by a cumulative 23.02%, and the STAR 50 Index fell by 24.13%.
2026-10-16
According to a Sound of Hope report, Tang Ning, a figure in China's financial circle and founder of CreditEase, has been arrested. CreditEase made a late-night announcement declaring insolvency, causing 30 billion yuan in funds to evaporate and leaving 100,000 middle-class families with total losses.
2026-10-12
On October 12, Beijing's Chaoyang police announced that a company related to Yixin had been placed under criminal investigation, that actual controller Tang and Zhao and others had been subjected to criminal coercive measures, and that investors were asked to report to the police and register; the specific charges, the amount involved, and the number of people have not yet been disclosed.
2026-10-11
On October 11, CreditEase sent an apology letter to investors in fixed-income-like products, acknowledging that the products were in substantive default. It stated that redemptions had been completely suspended since May 22, that preliminary financial due diligence found the company may be insolvent with a large debt repayment gap, and that market-based disposal efforts had yielded no results.
2026-10-05
According to a Bloomberg report on October 5, as of the time of the report about 256 public funds had been liquidated this year, with another 46 warning of possible termination; the full-year number of liquidations may exceed 300, the most since 2018.
2026-10-04
The Financial Times reported on October 4, citing data from the National Financial Regulatory Administration, that more than 670 banking institutions in China failed in 2025, almost all of them located in rural areas; statistics from Fitch show that the number of banking institutions has fallen to 3,139, a 23% decrease over four years, with small banks suffering from poor asset quality and insufficient capital, while the property downturn and deflation squeeze profits.
2026-09-28
According to a Bloomberg report on September 28, China's banking sector is accelerating the bulk sale of non-performing personal loans such as credit card debt and consumer loans. In the first eight months of this year, over 1,000 asset packages were listed, with outstanding balances exceeding 275 billion yuan, and some deals were priced as low as 1% of face value.
2026-09-15
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
2026-09-02
An online screenshot shows that Jiangsu Bank said the loan business it acts as an agent for in cooperation with Ctrip has been suspended, and notified customers that large withdrawals are restricted, with small withdrawals limited to no more than 500 yuan per day and no more than 4 times per month, the restrictions lasting until September 1, 2028.
2026-09
In September 2026, according to a blogger's friend, a credit business in a Pudong, Shanghai bank is seeing a continuous rise in bad loan rates due to unstable customer income and deteriorating business operations. Extremely strict approval standards have led to almost zero performance, leaving loan officers with only the minimum basic wage and facing the dilemma of forced resignation.
2026-09
In Q2 2026, the net interest margin of commercial banks fell to 1.25%, with the margins of the four major banks — ICBC, ABC, BOC and CCB — ranging between 1.23% and 1.29%, and the posted one-year deposit rate already cut to 0.95%.
2026-09
Since 2026, more than 400 village and town banks have exited, in addition to 312 high-risk institutions flagged in red by the central bank's financial stability department, involving assets of 9.4 trillion yuan, concentrated in rural small and medium-sized banks such as rural commercial banks.
2026-08-30
According to the video, in Q1 2026 the net interest margin of China's major state-owned banks dropped to about 1.25%, hitting a historic low; as a result, the big banks withdrew from taking over village and town banks, and the acquirers became rural commercial banks at the prefectural-city level.
2026-08-29
A message circulating on social media claims that a Ctrip blow-up left 170 million depositors unable to withdraw their money, involving 320 billion yuan and implicating 11 banks, and that it may eventually affect 40 banks and tens of thousands of branches.
2026-08-13
On August 13, 2026, foreign media reported that Anhui Guohou Asset, a Chinese local distressed-asset disposal firm, was formally ruled by a court to enter bankruptcy reorganization after being unable to repay massive debts of about 13 billion yuan.
2026-07-29
As of the first half of 2026, 140 rural small and medium-sized banks in China have been dissolved; previously, 83 and 226 banks were dissolved in 2024 and 2025 respectively.
2026-07-23
The court has officially ruled to accept the reorganization application of Guohou Asset, and the company has entered formal bankruptcy reorganization proceedings.
2026-07-06
The People's Bank of China announced and carried out one trillion yuan of outright reverse repo operations, with terms of three months and 91 days, which was described as a financial stability-maintenance measure in response to the wave of takeovers of small and medium-sized banks.
2026-07-03
On July 3, 2026, the Heilongjiang regulatory bureau approved the bankruptcy of Zhongrong Trust. The trust giant, which defaulted in 2023 and managed over 700 billion yuan, has been confirmed insolvent, with over 200 billion yuan in assets on its books and over 400 billion yuan in liabilities.
2026-07-03
On July 3, 2026, Zhongbang Bank, a private internet bank in Wuhan, was jointly taken over by the National Financial Regulatory Administration and the Hubei Provincial Government. The bank was established in 2017, with Wuhan Zhuor Holdings as its largest shareholder, and mainly engages in supply chain finance.
2026-07-03
Wuhan Zhongbang Bank was taken over by regulators in July 2026.
2026-07
Data from Securities Times shows that of about 35,700 existing bank wealth management products in China, around 4,203 saw changes in net asset value within 6 months, of which 579 fell below their issue net asset value.
2026-06-05
Driven by the non-farm payrolls data release and the negative gamma mechanism, the Nasdaq composite plummeted 4.77% in a single day, wiping out about $1 trillion in U.S. stock market capitalization.
2026-06-04
Between June 4 and 5, the crypto market saw single-day liquidations reach $1.73 billion, with 211,000 traders forcibly liquidated.
2026-06-02
As a weather vane for market liquidity, Bitcoin has been falling continuously since June 2, with the crypto market taking the lead in a bull massacre.
2026-06
In the first quarter of 2026, only 3 non-standard default events occurred among local government financing vehicles (LGFVs) nationwide, a significant drop compared to the same period in previous years. Analysis suggests this may be related to local governments defaulting on debts or the central bank increasing monetary financing of fiscal deficits.
2026-06
China Construction Bank issued non-performing asset-backed securities ABS, packaging 8,000 households' defaulted mortgages for sale; the prospectus states in black and white that the expected recovery rate is only 40.72%.
2026-04
By April 2026, the overnight reverse repo acting as a buffer water tower will have less than 200 million remaining, nearly wiping it out. The Ministry of Finance's withdrawal of funds will directly drain bank reserves.
2026
In 21 of the country's 31 provinces, local government financing vehicles (LGFVs) as a whole have fallen into a state where interest expenses exceed main business revenue; some regions have seen LGFV defaults, and some local governments have begun systematically delaying civil servant and teacher salaries.
2025-12-01
The Wuhu Intermediate Court has accepted the reorganization application of Anhui Guohou Asset Management and appointed a provisional administrator, marking the company's entry into bankruptcy proceedings.
2025-12
Regulatory registry data show that by the end of 2025, only 2,933 rural and small and medium-sized bank legal entities remained in China, a decrease of 670 from a year earlier.
2025-06
For the first time ever, the Industrial and Commercial Bank of China has stepped in to acquire a village bank and reorganize it into its own branch, reflecting that the holes at the grassroots level are so numerous that the original takers lack the capacity to absorb them.
2025-04
Justin Sun publicly claimed that First Digital, the trustee of the stablecoin TUSD, was insolvent, and the related stablecoin FDUSD at one point fell to $0.87; First Digital subsequently sued Justin Sun for defamation in Hong Kong.
2025
According to information on the official website of the National Financial Regulatory Administration, as of December 23, 2025, 226 village banks had completed deregistration and withdrawal that year, compared with 83 in 2024.
2025
In 2025 alone, 394 banking institutions were dissolved, and the number of institutions participating in deposit insurance dropped by 649, leaving just over 3,100; between 2024 and 2025, nearly 550 banks exited, exceeding the total of the previous seven years.
2025
2025年大連金州の聯豊村鎮銀行の破産は、史上2家目となる破産手続を完了した村鎮銀行となった。
2024-08-05
The market experienced significant volatility, with the VIX fear index surging to 65 pre-market, before falling back below 20 within six trading days.
2023-09-27
In 2023, Shengjing Bank sold 176 billion yuan in assets to a local Liaoning asset management company (AMC) at their original book value, in exchange for a special-purpose note with a 15-year term and a coupon rate of 2.25%, with no loss recognized on the books.
2023-03-10
According to tracking by Nansen, hours before the HT flash crash, addresses linked to Justin Sun transferred about $60 million in stablecoins out of Huobi and into the Aave platform.
2023-03
The Huobi HT token suffered a flash crash, with its price falling from $4.8 to $0.31 at one point, a drop of about 93%.
2023-03
According to Lookonchain tracking, a series of discounted arbitrage trades were carried out by wallets linked to Justin Sun during the USDT depeg, netting about $3.3 million.
2023
In its 2023 entrusted management business report, Anhui Guohou AMC stated that the company has no bankruptcy reorganization matters.
2022-09-28
The Bank of England is conducting targeted purchases of long-term government bonds to provide liquidity to LDI funds and buy time for deleveraging, after which bond prices subsequently converged.
2022-09-23
Rising yields led to margin calls and collateral requirements for pension funds using LDI strategies, forcing funds to sell government bonds for cash, which further pushed up yields.
2022-09
A sudden change in UK fiscal policy expectations caused 30-year government bond yields to rise by 140 basis points within 4 trading days, triggering intense volatility in the bond market.
2022-09
The Bank of England later estimated that during the period of government bond volatility in September 2022, the scale of margin calls related to pension fund LDI strategies exceeded 70 billion GBP.
2022-09
Between September 23 and October 14, LDI funds sold £23 billion in government bonds, while pension schemes sold an additional £14 billion.
2022-04-18
In 2022, several village and town banks in Henan collapsed. The cause was collusion between major shareholders inside and outside the banks and the fabrication of loans, making it a pure fraud case.
2022
Meta repurchased 160 million shares for approximately $28 billion, but the buyback failed to offset the impact of declining cash flow and rising discount rates on intrinsic value.
2021-01-27
On January 27, the number of independent accounts participating in GameStop trading approached 900,000, whereas at the beginning of the month it was less than 10,000.
2021-01-08
GameStop stock price rose from its intraday low on January 8 to its intraday high on January 28, an increase of approximately 2700%, far exceeding the explanatory scope of conventional valuation models.
2021-01
The SEC report disclosed that the short interest ratio of GameStop's circulating shares once reached 122% in January, caused by the same batch of shares being repeatedly transferred back and forth.
2021-01
Between January 13 and 29, GameStop averaged approximately 100 million shares traded per day, which is over 1400% higher than the daily average trading volume in 2020.
2020-11-23
On November 23, 2020, the China Banking and Insurance Regulatory Commission announced its approval in principle of Baoshang Bank entering bankruptcy proceedings, and the Beijing No. 1 Intermediate People's Court announced a ruling the same day accepting the application for bankruptcy liquidation of Baoshang Bank.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2020-03
In 2021, Jinzhou Bank underwent restructuring. An asset package with a book value of 150 billion yuan was divested for a total price of 45 billion yuan, with a recovery rate of only about 30%.
2019-12
Shandong's Hengfeng Bank was once plunged into crisis over a case involving its chairman, and was barely saved only after Central Huijin and the Shandong Provincial Government jointly injected 100 billion yuan.
2019-05-24
After being taken over in 2019, Baoshang Bank announced bankruptcy. The top cause of death was that more than 150 billion yuan occupied by Tomorrow Group shareholders was essentially all lost; personal deposits were fully protected, large interbank claims were covered at an average of about 90 percent, and 6.5 billion yuan in Tier 2 capital bonds was written down in full.
2010-05-06
British otaku Sarah triggered a flash crash that wiped out $1 trillion from the US stock market in 36 minutes through a five-year false-order scheme, with his pending orders once accounting for 40% of the total sell orders.
2008
Since mid-2006, U.S. home prices have fallen by more than 20% on average; home equity dropped from about $13 trillion in 2006 to about $8.8 trillion in mid-2008, and the video says household net worth evaporated by about $13 trillion.
2000
After the dot-com bubble burst, Cisco's stock price fell from $79 to $9.5 within two years, a cumulative decline of about 88%.
1995-02-23
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.
1990
According to the video, after receiving a capital injection, Three Gorges Bank was allegedly used for stock trading, which later resulted in losses; some of the people involved fled overseas and others were arrested.
1980
During the 1980s Latin American debt crisis, the region's real GDP growth rate was only 2.3%, per-capita GDP saw negative growth of nearly 9%, and inflation eroded the purchasing power of the middle class.
1929-10-24
After a rally in the summer of 1929, the US stock market crashed in late October.
1929-03
On March 25, 1929, after the Federal Reserve warned of excessive speculation, the stock market suffered a small crash, with call loan rates rising as high as 20%; the next day, after the National City Bank announced an injection of funds to support the market, they fell back.