What was the name of the 2015 Chinese market collapse after a rapid rise in Shanghai share prices?

The 2015 Chinese market collapse after a rapid rise in Shanghai share prices was the 2015 Chinese stock market crash.

Chinese equities had surged during the first half of 2015, encouraged by margin borrowing and strong participation from individual investors. The Shanghai Composite Index reached a 2015 high on 12 June before falling sharply. Authorities responded with trading restrictions, investigations, and other measures intended to stabilize prices.

On 27 July 2015, the Shanghai Composite fell 8.48 percent, its largest one-day percentage decline since 2007. Further turbulence followed in August, when concerns about China’s economy and a change in the renminbi’s exchange-rate mechanism unsettled global markets.

The episode is sometimes described simply as a currency crisis, but the initial shock centered on Chinese equities and leverage. It also differed from the 2008 global financial crisis because China’s banking system and capital controls limited the direct international transmission, even though worldwide markets reacted.