Which 2015–2016 Chinese market collapse followed a rapid rise in Shanghai and Shenzhen share prices?

The 2015–2016 Chinese market collapse followed a rapid rise and reversal in Shanghai and Shenzhen share prices.

China’s mainland equity market surged from mid-2014 into June 2015, supported by margin borrowing and strong retail participation. The Shanghai Composite reached 5,178.19 on June 12, 2015. Authorities then tightened some measures and attempted to support prices as leveraged investors faced losses.

The Shanghai Composite fell sharply through the summer, including a 8.49% drop on August 24, 2015, widely known as Black Monday in China. Turbulence continued into early 2016, when new circuit-breaker rules were suspended after triggering further selling. This episode is distinct from the 1997 Asian financial crisis, which began with currency pressure in Thailand.