New trade mechanism for bourse
THE Shanghai Stock Exchange will apply a new mechanism to set daily closing prices to help maintain price stability. Under the new system, from August 20 the bourse will enter the call auction stage from 2:57pm to 3pm to determine final prices for the day, the exchange said late on Monday on its website.
All prices bid during this period will be treated equally. Stock prices will be determined in accordance with the principle of maximum volume.
Closing prices are currently set at the weighted average of the last minute. This means the closing price can be easily affected at the end of the day, which may be abused to deliberately lift closing prices to lure investors in the next trading session.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.