Regulator mulls circuit-breaker rules for volatile market
Print Edition
China’s securities regulator said it was considering introducing circuit-breaker rules in battling major market fluctuations to avoid a repeat of the chaos that led to wild fluctuation in the Shanghai stock market.
The regulator will also make clear the definition of abnormal trading in securities and futures markets, while trying to improve information disclosure on unusual trading, a spokesperson for the China Securities Regulatory Commission said.
The market watchdog will also strengthen supervision over the trading system, the CSRC said.
A glitch in Everbright’s system for proprietary trading triggered a deluge of orders that caused a short-lived spike in the Shanghai stock market on August 16, with the key index rocketing up to 5.9 percent in two minutes.
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