With "selling" outlawed and anything but cheer-leading strocks higher subject to detainment, it appears the Chinese government has managed to undo 3 years of liberalization and financial deregulation in the space of a week. Futures trading volume on the CSI-300 (China's S&P 500) which for a while in May became the most actively traded financial contract in the world (surpassing S&P 500 e-minis), has utterly collapsed in the last week - since the arrests and detainment of various brokerage executives - to its lowest levels in three years. As one local trader noted - Chinese index futures trading is dead. In May, CSI-200 Futures were the most actiuvely traded financial instrument in the world - topping S&P e-minis... But that has all collapsed now to its lowest levels inm 3 years... in the space of just over a week... Index futures trading is DEAD already amid all those restrictions imposed!! HELP... CSI300 futures vol 38,054 ? It was 500k to 1 mln !! — Simon Ting (@simonting) https://twitter.com/simonting/status/641080661432909824!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); CSI300 futures volume was #1 and beat eMini-S&P in May~July. Today only 12,700 do far? My peers in mainland all have a long, long face.???? — Simon Ting (@simonting) https://twitter.com/simonting/status/641093443188428801!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Re-capitalize your zombified over-leveraged SOEs now!! Charts: Bloomberg