The Shanghai Stock Exchange Issued "Rules For The Real-Time Monitoring Of Abnormal Securities Pactions" Without Any Price Limits.

< p > yesterday, the Shanghai Stock Exchange issued its "a href=" http://www.91se91.com/news/ "> real time monitoring rules for securities abnormal pactions < /a >, which made a comprehensive revision of the guidelines for real-time monitoring of abnormal trading in securities issued in 2008.

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< p > the person in charge of the Shanghai Stock Exchange said that the guidelines have been released for more than 5 years, and the Shanghai Stock Exchange has issued some supplementary provisions in order to strengthen the initial trading supervision and risk warning board stock trading supervision.

At the same time, in recent years, a number of new types of illegal pactions of securities appear frequently, and it is urgent to perfect the existing market monitoring rules.

In order to meet the needs of market development, we promptly cleaned up and integrated business rules, and formulated the detailed rules on the basis of the guidelines issued by the Shanghai Stock Exchange.

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< p > compared with the guidelines, the changes in the contents of the newly issued rules are mainly manifested in three aspects.

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< p > one is to increase the < a href= "http://www.91se91.com/ > > bond > /a > the temporary suspension of trading plate.

At present, there is no price limit in the Shanghai Stock Exchange bond trading. Due to the lack of liquidity in some bonds, the price movements of bond pactions occur frequently, triggering a sharp fluctuation in the bond index.

In light of the above circumstances, the rules add the "temporary suspension of trading" measures in the Shanghai Stock Exchange's abnormal trading price of bonds.

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< p > two is the integration of the current business rules related to the regulation of abnormal securities pactions.

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< p > first, about temporary suspension of trading.

In addition to increasing the temporary suspension of trading in bond trading, the rules also integrated the regulations on temporary suspension of stocks, including new shares, issuance, resumption of listing and re listing on the first day of the stock market, and the temporary suspension of stocks in the stock market.

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< p > Second, on self regulatory measures.

In order to strengthen the supervision of initial trading of IPO, the Shanghai Stock Exchange issued the notice on Further Strengthening the supervision of initial trading of IPO in December 13th, adding regulatory measures to suspend trading of securities accounts during the day, and this amendment incorporates some of the regulatory measures stipulated in the measures and other business rules.

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< p > Third, on stock suspension verification.

The hype of theme stocks has always been a prominent problem in the supervision. In practice, the practice of requiring the listed companies to stop the verification is adopted.

The amendment clearly stipulates that "the price rise and fall of stocks with a price rise or fall will deviate from the corresponding period during the same period, and the listed companies have no significant issues announcement". The Shanghai stock exchange can ask the listed companies to stop the verification, and the relevant listed companies should verify the information disclosure of the company and related market rumors, and promptly announce the verification to the market.

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< p > three is a perfect regulation of < a href= "http://www.91se91.com/ > > Securities > /a > abnormal paction.

On the one hand, in recent years, the application of information technology in the securities industry has been more thorough (such as "programmed trading"). Some new illegal behaviors of securities trading have begun to appear.

On the other hand, there are some intersecting and overlapping issues in the regulations of the current business rules about the abnormal paction of securities. In order to enhance the clarity and unity of the rules, the revision also integrates and perfected the relevant provisions.

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< p > the head of the Shanghai Stock Exchange said that the Shanghai Stock Exchange will strictly enforce the provisions of the rules, closely monitor all kinds of abnormal pactions, crack down on illegal activities, maintain an open, fair and just market order, and effectively protect the interests of investors < /p >