Feedback sought on stock circuit breaker
Print Edition
CHINA’S stock exchanges yesterday began soliciting public opinion on an index circuit breaker system, which would suspend trading temporarily in response to substantial drops.
The system would follow changes in the CSI 300 Index, which reflects the performance of China’s Shanghai and Shenzhen stock exchanges, according to a draft regulation posted on the website of the Shanghai Stock Exchange.
When the index rises or falls by 5 percent, the circuit breaker would be triggered with a 30-minute suspension in stock trading.
If the index changes by 5 percent after 2:30pm, or if the index rises or falls by 7 percent, trading would be suspended until 3pm, the closing time for daily trading, the draft said.
The stock exchanges will collect opinions on the draft from now until September 21.
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