China's attempts to boost markets and investor confidence have flopped

• Key gauges of Chinese stocks have hit their lowest levels in about 10 months.
• Global funds have withdrawn $3.8 billion this month, despite Beijing's effort to boost markets.
• Trading activity has also slowed in September, falling 32% from the first week of the month.

Beijing's efforts to revive Chinese markets are falling on deaf ears, as traders continue to shed their equity positions.

Though the country's authorities pledged to invigorate markets at the July Politburo meeting, China's CSI 300 Index, a benchmark of mainland shares, fell Thursday to its lowest level since November. The MSCI China Index has also fallen to its lowest level in about 10 months.