After the Crash, One Slice of China's Stock Market Still Thrives
- Options trading jumps as investors seek substitute for futures
- Open interest on China ETF rises to record as volumes pick up
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Three months after China’s $5 trillion stock-market crash, the fallout from unprecedented state intervention is visible almost everywhere you look.
The country’s stock-index futures market is a shadow of its former self, with volumes shrinking more than 99 percent after authorities blamed the contracts for exacerbating the rout. Equity trading has dropped 46 percent after policy makers restricted computer-driven strategies and banned stock sales by major shareholders. Regulatory curbs on short selling, meanwhile, have contributed to a 71 percent tumble in the bearish wagers.