The official stressed that the trading system to modify and improve the trading behavior of investors may have a major impact, involves the fundamental interests of investors, securities companies must make rules for publicity and to our customers explain the content of the work. Website and related media in the Shenzhen Stock Exchange, investors can also access their own rules for full, old and new controls and rules of interpretation and other material. Shenzhen Stock Exchange will be the future development of the market changes constantly, continue to strengthen the trading system and to continuously improve the (. In. Countries. Certificate. Securities. Report)
concern that the new Shenzhen Stock Exchange official says, running from the past few years the market conditions and regulatory experience, the characteristics of market irregularities significant changes have taken place, the original trading rules to ; In addition, the small plates, the GEM significant increase in the number of listed stocks, and further increased the difficulty of market trading risk control. Shenzhen Stock Exchange in the trading mechanism of the original in-depth analysis and empirical research, based on regulatory measures on the part of the optimization and adjustment.
normalization improve the trading system
the Shenzhen Stock Exchange released new version of the GEM stocks trading range of a unified set to bid 10%
revised behavior, quarter or year-end balance sheet date related to derivatives and other sensitive suppression of deliberate lift share prices by making false declarations and other abnormal behavior of opening a clear focus on monitoring behavior.
Shenzhen Stock Exchange official said that providing quality, efficient and fair trading service is the most basic functions of the exchange, and improve the trading system is to do an important guarantee for the work. In the future, the Shenzhen Stock Exchange trading system will be to sort out and
As the market develops and changes, the current To further improve the trading system and protect the legitimate rights and interests of investors, existing investors in the transaction does not change the basic premise of habit, the Shenzhen Stock Exchange in due course of the trading rules have been revised.
REVIEW:
10% of the Shenzhen Stock Exchange additional shares set price limits
optimal adjustment of regulatory measures
amend the Shenzhen Stock Exchange trading rules
According to reports, the amendments are mainly based on adaptive adjustment does not involve significant system changes. In the trading mechanism, the abolition of the additional shares (including the public issuance and private placement shares) listed on the first day opening price limit provisions, and remove the small plate on the stock during the continuous auction set the effective range of the recent auction price plus or minus 3 % of the content, the board, small board and the GEM unified stock effective range is set to auction 10% and so on. To help investors better understand the Shenzhen Stock Exchange is responsible for the way people interpret the question and answer new rules. In addition, the Shenzhen Stock Exchange also issued a full text of Rules Over the past few years, multi-level capital market in China has made significant progress in the construction, improve market efficiency of the transaction on the proposed new requirements; Second, margin trading, stock index futures and other new business startup, ETF product development, greatly increasing the trading activity of the diversity and complexity of the transactions to the market regulation and investor rights protection suggests a greater challenge. How to continue to adapt to market changes and needs, to effectively control trading risk and ensure the safe operation of the market, is facing new challenges exchanges.
the first five years, stressed the Shenzhen Stock Exchange trading rules, trading rules than the original, the new regulations on the Shenzhen board, small board and the GEM a unified trading rules, and monitoring of abnormal trading is more stringent . Among them, ST stocks for unusual fluctuations suspension index ± 15% from the previous narrowed to ± 12%, while the Shenzhen listed on the first day of issuance of additional shares will have a price limit.
the disclosure, optimized for , small board and the GEM stock effective bidding range settings, and improve the rules relating to the collection method for determining the auction price and description of the relevant business; third is to sort out the existing system of trading rules, integration, will be part of the business rules, notification of mature into the trading practices rules, simplified system of rules to facilitate the investors to study and understand, as increases in the rules of margin trading regulations effective connection with the relevant implementation rules, the original form published to inform the public on the first day on the stock transaction risk control measures incorporated into the formal rules of terms. In addition, full account of the amendments to the market availability and stability of the existing system, there is no trading behavior of investors to make innovative institutional arrangements, but at the same time, the Shenzhen Stock Exchange based on the development of future business and product innovation's analysis, the use of
Shenzhen Stock Exchange: down to 12%
Shenzhen Stock Exchange Interpretation of break, the market has undergone major changes. To this end, the Shenzhen Stock Exchange on
In addition, the new First remove the small plate on the stock during the continuous auction set the effective range of the recent auction price plus or minus 3% of the content, the board, small board and the GEM unified stock effective range is set to auction 10%, to facilitate investors to understand. Second, the abolition of the additional shares (including the public issuance and private placement shares) listed on the first day of release the price limit rules. Third, no price limit lifted bulk trading price of securities can be traded in the day had the highest, lowest among the identified requirements.
in the regulatory mechanism, the new rule changes are mainly the following five aspects: First, adjust the abnormal fluctuation of ST stocks trigger indicators, triggering the original two sets of criteria (three consecutive trading days closing deviation from the value of the cumulative decline in prices go up to 15% and reached three consecutive trading days the closing price price price limits) value of unity as a departure from the cumulative index, and index to 12%; second is to expand the scope of information disclosure, public disclosure of securities range from the actual situation and a clear focus to further improve the monitoring of issues, added a detailed description of the circumstances unusual transactions; five transactions when an exception condition occurs, the increased exchange settlement suspend access to the relevant treatment measures.
No comments:
Post a Comment