The Aporia
Beijing convened a meeting on September 9, 2023, organized by The China Securities Regulatory Commission (CSRC) and chaired by its chairman Wu Qing, to address sharp market declines affecting Chinese stocks, particularly in the tech sector. The meeting brought together executives from listed companies and experts from securities firms and fund managers in an effort to stabilize the A-share market. This came after a significant third-quarter decline of 12% for China’s CSI 300 Index, with the tech-heavy Star Market 50 index dropping by a staggering 31%, reflecting investor concerns about China's economic outlook and regulatory environment.