Which 2015 Chinese market crash followed a sharp rise in Shanghai Composite share prices?

The 2015 Chinese market crash followed a sharp rise and subsequent collapse in Shanghai Composite share prices.

Chinese equities surged during the first half of 2015, encouraged by retail participation, margin borrowing, and expectations of continued economic growth. The Shanghai Composite reached 5,178.19 on June 12, 2015. It then fell rapidly as leveraged investors faced losses and authorities tried to stabilize trading.

The decline was not a single day’s event. It continued through the summer and returned in renewed form in early 2016. On January 4 and January 7, 2016, new circuit-breaker rules were triggered and then suspended after worsening market instability.

The episode is often described as the 2015–2016 Chinese stock-market turbulence rather than one isolated crash. It also differs from China’s 2007 market peak, when the Shanghai Composite reached a much higher nominal level before the global financial crisis.