Shanghai Stock Exchange: Adjusted the limit on the price fluctuation range of main board risk warning stocks from 5% to 10%

Mars Finance News, April 10 — The Shenzhen Stock Exchange has recently drafted the “Shanghai Stock Exchange Trading Rules (Draft for Comments).” The market is now openly soliciting opinions on this matter.
This revision mainly includes the following points:
First, the scope of securities applicable to the after-hours fixed price trading method has been expanded from Sci-Tech Innovation Board stocks to all A-shares and exchange-traded open-ended funds.
These adjustments help meet investors’ needs to trade at closing prices, extend trading hours for related products, and facilitate the entry of medium- and long-term funds into the market.
Second, the trading method during the fund closing phase has been changed from continuous bidding to closing call auction, with the closing price determined through the call auction, consistent with Shanghai Stock Exchange stocks.
These adjustments are conducive to further improving the price stability and pricing efficiency during the fund closing phase, and enhancing market mechanism consistency.
Third, adaptive revisions are made based on rule changes and business needs, including incorporating the previously publicly solicited “Notice on Adjusting the Price Fluctuation Limits for Risk Warning Stocks on the Main Board and Related Matters” into this revision, increasing the price fluctuation limit for risk warning stocks on the main board from 5% to 10%;
adjusting rule language and optimizing related provisions such as disciplinary actions.
(SSE issued)