The index of the Shanghai Stock Exchange fell by 8.5%

Almaty. July 27. Silkroadnews - Chinese Shanghai Composite stock index on Monday plummeted by 8.5%, reported RBC.
It has become the second largest drop in the index since its appearance in 1990 and the highest since February 2007.
Collapses to the active sale of the shares after the government's efforts to stabilize China's stock market failed. The sharp fall showed other stocks of the country. The index of the Shenzhen Stock of Exchange Shenzhen Composite fell by 7%, while ChiNext, considered as a the Chinese analogue of NASDAQ, - by 7.4%.
In total on the Shanghai Stock Exchange fell shares of 1,700 issuers and increased - only 78.
The People's Bank of China, which serves as the Central Bank has allocated  $41.8 billion to support the stock market. In addition, the Chinese authorities have imposed a ban on the sale of securities of semi-public companies to the shareholders owning packets larger than 5%, and temporarily banned the state-owned securities exchange trades.
As a result of the taken measures, the index of Shanghai Stock Exchange resumed its growth, rising by 16% from the minimum, recorded in early July.