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More than 637 billion shares worth 4.44 billion yuan (639.86 billion US dollars) were pledged loans as of October 12, according to Reuters calculations based on data from the China Securities Depository and Clearing Co. (CSDC).
Chinese equities performed less well than other Asian stock markets this year, especially in recent weeks, as global equities are the first victims of the Latin American trade war and the prospect of greater policy tightening. of the US Federal Reserve.
The announcement that the US Treasury Department had refrained from naming China a money handler in its half-yearly report released Wednesday was hardly relieved.
Minutes of the Fed's meeting of 25 and 26 September, showing all Fed policy makers favorable to rising interest rates, to the Chinese prime minister's warnings that the economy is undergoing a increasing downward pressure and concerns about GDP data in Beijing on Friday. weighed on the markets.
The yuan closed its domestic trade at its lowest closing level against the US dollar since January 2017.
Until this year, the Shanghai stock index fell 24.8% and the CSI300 index of 24.5%. Shanghai shares fell 11.9% this month.
Energy stocks were dragged down by falling energy prices. The energy monitoring stocks of the CSI sub-index were down 4.91%.
The financial sector sub-index CSI 300 was down 2.08%, the consumer staples sector down 2.17%, the real estate index 1.82% and the sub-index of health of 3.89%.
The general decline came after a brief rebound on Wednesday.
The Hong Kong Stock Exchange, which reopened after a holiday on Wednesday, closed flat Thursday. In the region as a whole, the MSCI Asia-Ex-Japan Stock Index was 0.65% lower, while Japan's Nikkei Index closed down 0.8%.
The Chinese index of Shenzhen, smaller, finished down 2.73% and ChiNext Composite enterprise creation index was lower by 2.18%.
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