Caixin
Dec 04, 2018 06:41 PM
DAILY CHART

Charts of the Day: Throwing Cash at Pledged-Stock Crisis

The total number of pledged shares on China’s stock markets declined for the first time this year in November, after local authorities and financial institutions set up bailout funds worth billions of yuan in total to rescue distressed companies that have seen their shares pledged as collateral for loans.

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Graphic: Gao Baiyu/Caixin

These companies’ financial problems stem from the government’s crackdown on shadow banking and heightened regulatory scrutiny of the financial sector.

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