Only a few months ago, the Chinese equity market recorded one-day steepest loss of
8.5 per cent and trillions of dollars were wiped off from the global equity market
within a day. The fluctuations in the Shanghai stock index perfectly exemplify the
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market volatility where from the beginning of this year the index rose by 60 per cent
up to June, before collapsing to 10 per cent loss by August.