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China halts trading in key bond futures as panicky investors sell securities

C
hina’s authorities on Thursday took the unprecedented step of halting trade in 10-year and 5-year Treasury bond futures, a response to investors panicking "amid slowing growth, capital outflows and heightened government concern about asset bubbles." The temporary measure was lifted "only after China’s central bank injected around $22 billion into the short-term money market."
9 months ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
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