* Summer 2014: The recovery in the Chinese stock market will begin in earnest, despite the fact that several statistics have pointed to a weaker economic development, including in industry. The stock market rose continuously until the middle of June 2015, only interrupted by two minor corrections. They took place in January and April / May 2015, but failed to prevent the rise.
* November 2014: China cuts interest rates
* 15 . June 2015: Having risen almost uninterruptedly for one year comes the first major correction. Since the summer of 2014 had the Shanghai Stock Exchange soared around 160 percent, but in just three weeks index fell by around 35 percent.
Just prior to the fall, it emerged that in a few days had been created millions of new stock accounts in China.
* June 26: China cuts key interest rate for the fourth time since November, from 5.0 to 4.85 percent. In addition, cut the mandatory capital buffer for banks. The news came after the Shanghai Stock Exchange plunged 7.4 percent the day before.
* July: The Chinese stock market rises again until 23 July. Then it is relatively quiet, with some minor ups and downs
* July: China’s government implements stimulus package equivalent to about a Norwegian oil fund.
China also introduce more rules and restrictions on the equity and financial markets.
* August 11: The Chinese government allows currency yuan fall by nearly two percent by letting the exchange rate fluctuate down to a lower level within frame which is set against the dollar. The measure helps both to normalize the exchange rate to China toward a more fair market value, in addition to making China’s export industry more competitive.
* August 12: The Chinese authorities downward revision once again value yuan may have against the dollar. That way, they ensured that the Chinese currency depreciated by as much as 3.5 percent in two days against the dollar. Later that week goes authorities in and intervene to prevent an excessive currency fall.
* Thursday, August 20: The first big fall in China in this round. Shanghai ending down 3.42 percent after a number of Chinese companies issued press releases which indicated that they had received state actors as owner, as a result of the government’s rescue packages, according to The Guardian. This reassured, however, not the market.
Oslo Stock Exchange ended down 1.79 percent and fell below 600 points for the first time since January 2015.
Wall Street ends down between 2.06 and 2 , 82 percent.
* Friday August 21: Disappointing PMI figures from China sends bourses into a sharp fall. The index showed the biggest decline for Chinese industry since the financial crisis, according to Reuters.
Oslo Stock Exchange ends down 1.67 percent. On Wall Street ends the major indexes down between three and four percent.
* Monday August 24: The world is experiencing the largest stock market decline in several years. Oslo Stock Exchange ended down 5.2 percent, which is the biggest drop since 2011. Earlier in the day Børsen down more than seven percent, which is the most we’ve seen since the financial crisis.
In China the Shanghai Stock Exchange ended down 8.5 percent. Wall Street began with a sharp drop, but brought in the worst.
* Tuesday August 25: The exchanges turns up again in Europe and the US, but in China and Japan continued down. Shanghai Stock Exchange fell 7.6 percent.
– China’s central bank forecasts that they will pump into 150 billion yuan into the banking system to make sure it is functioning properly. With the exception of exchanges in Japan China, where among other Shanghai Stock Exchange fell 7.63 percent, rose most bourses after Monday’s decline.
– China cuts key rate by 0.25 points and the capital requirement for banks 0 , 5 points. This is the fifth interest rate cut since November. The cut in capital requirements for banks, is the third we have seen so far. Interest The news caused the stock markets rose even more in the US and Europe.
* Wednesday, August 26: The stock market in China continues down, but in Europe and on the Oslo Stock Exchange, we end up. On Wall Street, saw the largest rise since 2011.
* Thursday 27th August: Shanghai Stock Exchange rises 5.34 percent. Solid market rises also in Oslo and elsewhere in Europe. The increase means that Oslo Børs collects drop from Monday. Bloomberg reports that the Chinese government has intervened in the stock market.
* Friday August 28th: China exchanges and oil prices continue upward. In Shanghai index ending up 4.8 percent
* Saturday August 29: Xinhua News Agency reports that the central government has set a debt ceiling of 16,000 billion yuan in 2015 for the amount of debt local authorities in China can catch up. This corresponds to 23 percent of GDP, meaning that local authorities can take up 600 billion yuan in debt this year. DNB Markets were said, but added that there is some uncertainty about numbers.
* Monday August 31: Shanghai Stock Exchange falls 1.2 percent after reports in Financial Times that the Chinese government has stopped supporting purchases in the stock market.
Forward:
* Many go now and waiting for the Federal Reserve will come to raise the key interest rate as they have indicated. Many pointed out that the monetary policy meeting in September may be the time where the first rate hike will come. Uncertainty in China has received more to doubt. The dollar weakened significantly on Monday, 24 August because of fears that there be a rate increase.
* The second factor that many will follow closely is whether the Chinese government will come with even more measures to resist greater letdown. There might be more interest rate cuts, changes in exchange rate policy or other regulations.
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