Hong Kong: Over the past three years, about $6 trillion — equivalent to roughly twice Britain’s annual economic output — has been wiped off the value of Chinese and Hong Kong stocks, a media report said. The Hang Seng index has crashed 10 per cent so far this year alone, while the Shanghai Composite and Shenzhen Component indexes are down 7 per cent and 10 per cent, respectively, CNN reported. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. “The past three years were no doubt a challenging and frustrating period for investors and market participants in Chinese equ
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