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China to launch stock index circuit breakers on Jan. 1 - Shanghai Stock Exchange

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Reuters BEIJING
Last Updated : Dec 04 2015 | 4:07 PM IST

BEIJING (Reuters) - China will introduce circuit breakers to the Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange on Jan. 1, 2016, Shanghai Stock Exchange said in statement on Friday.

A 5 percent rise or fall in the CSI 300 benchmark index will result in a 15 minute trading suspension for all the country's equity indexes, while a 7 percent move up or down will trigger suspension of trade for the rest of the day.

If a 5 percent move occurs after 2:45 pm, it will also halt trade for the rest of the day.

The exchange said the plan has been approved by China's Stock Regulatory Commission (CSRC).

(Reporting by China Monitoring Desk; Editing by Sam Holmes)

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First Published: Dec 04 2015 | 3:49 PM IST

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