China to impose new trading curbs despite doubts
Beijing continues its efforts to dampen stock market volatility, amid investor skepticism about the likely effectiveness of new measures that were proposed in September.
China’s three main bourses will implement further stock-trading limits – albeit slightly watered-down from measures proposed in September – despite investor doubts that they will help stabilise the equity market in a crisis.
The circuit-breaker mechanism will go live on January 1 on the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and China Financial Futures Exchange (CFFEX), the trio said in a joint announcement on Friday evening.
The exchanges will suspend t…
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