
SHANGHAI — While U.S. stocks have been soaring, Chinese shares have been on a seemingly interminable downward slide.
China's benchmark CSI 300 index is down by nearly 20% over the past 12 months and is hovering near a five-year low. The Hong Kong stock exchange's Hang Seng China Enterprises Index has dropped more than 4% since the start of the year and by 25% since this time last year.