At the 2015 Chinese stock-market crash’s pre-crash peak, the Shanghai Composite closed at 5,166.35 on June 12, 2015.
The Shanghai Composite had risen sharply during the preceding rally, with mainland Chinese shares attracting large numbers of individual investors and substantial margin financing. After reaching that June peak, the index began a steep reversal that became one of the most prominent episodes in China’s modern stock-market history.
The sell-off intensified through the summer. On July 8, 2015, the index reached an intraday low of 3,507.19, although the broader turbulence continued into 2016. Government intervention included trading suspensions, restrictions affecting large shareholders, and other stabilization measures.
The Shanghai Composite tracks many stocks listed on the Shanghai Stock Exchange. It should not be confused with the Shenzhen Composite or Hong Kong’s Hang Seng Index, which represent different markets.