China's A-shares fluctuated on Monday, the 5th, with major stock indexes rising and falling. The Shanghai Composite Index fell below 2,700 points in early trading and then rose and turned red.
The banking sector performed well that day and rose against the trend. The China Securities Regulatory Commission said on the same day that since 2018, the overall risk of stock pledges in the Shanghai and Shenzhen stock exchanges has dropped significantly. The number of listed companies with a pledge ratio of the largest shareholder exceeding 80% dropped from 702 to 227.