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Caixin

China tries to calm skittish investors amid 'regulatory storm'

As volatility surged, many got their fingers burnt

The market panic began at the beginning of July, when China's cyberspace regulators placed the country's top ride-hailing company, Didi Chuxing, under a cybersecurity review and ordered its app removed from domestic app stores, citing data breaches.

Chinese companies have just endured a summer characterized by a "storm of regulation," leaving their share prices facing a lot more uncertainty. Volatility surged, and many investors got their fingers burnt. Some cried foul, and some called for more predictability in decision-making regarding capital market regulations.

"Policies just came out without any warning, and far exceeded expectations, be it inside or outside China," complained one insider at a U.S.-listed Chinese company.

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