"The MSCI China Index last week extended its slide from an October high to -20%, entering a bear market", while "the number of put and call options outstanding on a key gauge of Hong Kong-listed Chinese firms has been hovering around its lowest level in more than two decades [evidencing waning investor interest]."

“Investors are waiting for a little more clarity from the policy side of things to continue to engage,” said Jason Lui, head of Asia-Pacific equity and derivative strategy at BNP Paribas.