Chinese Stocks See Renewed Volatility Despite Promises to Calm Markets
• Chinese stocks continue to see wild swings despite government vows to stabilize markets
• Small cap stocks faced intense selling pressure, with the CSI 1000 Index falling over 8%
• Investors worry forced liquidations from margin calls could worsen the rout
• China's securities regulator pledged to crack down on illegal activities and guide more long-term funds into markets
• Some see the sharp declines as signaling a bottom, but policy support has often proved fleeting