Which 2015 Chinese stock-market crash followed a rapid rise in mainland share prices?

The 2015 Chinese stock-market crash that followed a rapid rise in mainland share prices was the 2015–2016 Chinese stock market turbulence.

Chinese shares rose rapidly from mid-2014 into June 2015, attracting individual investors and substantial margin borrowing. The Shanghai Composite Index reached 5,178.19 on June 12, 2015. Authorities attempted to support the market and limit forced selling after prices began to fall.

The decline accelerated in the summer. On August 24, 2015, often called “Black Monday” in China, the Shanghai Composite fell 8.49%, while other global markets also experienced heavy losses. Further volatility continued into early 2016.

This episode is distinct from China’s later property-sector problems and from the 1997 Asian financial crisis. It also illustrated how leverage, retail speculation, trading restrictions, and government intervention can interact during a modern market sell-off.