The Shanghai Stock Exchange Index (SSEI) declined by 23 percent to 2, 166, its lowest point in nearly three years.

FORBES: China's Developing Capital Markets

The Shanghai Stock Exchange Property Index has fallen 10% since early September last year.

FORBES: Chinese Property Billionaires Lose $3.87 billion On Housing Curbs

Sentiment is likely to remain weak today after the main index of the Shanghai Stock Exchange fell to a three-year low on Friday amid worries about slowing global growth and a lack of domestic stimulus to offset it.

FORBES: Lujiazui Breakfast: News And Views About China Stocks -- Aug. 27