The First Day Of Trading Of New Shares Will Be Relaxed Next Week.

< p > < strong > < a > href= > http://www.91se91.com/news/index_cj.asp > > Shanghai Stock Exchange < /a > the first day is over 20%, no more than two stops. < /strong > /p >

< p > the Shanghai Stock Exchange issued yesterday's notice on matters related to the supervision of initial trading of IPO, adjusting the first day price control of IPO and the trading mechanism for temporary suspension of trading, as well as the abnormal trading behavior of new shares and its regulatory measures.

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< p > on the first day of the IPO, < a href= "http://www.91se91.com/news/index_cj.asp" > trading mechanism < /a >, the Shanghai Stock Exchange cancelled the control measures of "5 minutes before the closing price should not exceed 120% and 80% of the opening price", and declared the price only to implement the control measures that "the bidding stage should not exceed the issuing price 120% and 80%" and "the continuous bidding stage should not exceed 144% and 64% of the issue price".

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At the same time, at the same time, it also cancelled the second temporary suspension of trading in the a href= "http://www.91se91.com/news/index_cj.asp" > price < /a > up or down more than 20%, only 30 minutes when the intraday share price rose or fell more than 10%, so as to solve the problem of too short paction time on the first day of the new stock market.

In addition, the Shanghai Stock Exchange also adjusted the abnormal trading behavior and regulatory measures in the initial stage of the IPO (the first 10 trading days after the listing).

One is to cancel the restriction that single investors can not buy more than 1/1000 of the actual circulation of shares on the day of the new stock market; the two is to quantify the provisions of large declaration, high price declaration, continuous declaration and false declaration, so as to help investors better grasp the abnormal trading behavior of new shares regulated by the notice and consciously restrict their new trading activities.

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< p > < strong > the Shenzhen Stock Exchange < /strong > /p >

< p > < strong > cancel the 20% disc suspension threshold < /strong > < /p >.

On the same day, the Shenzhen Stock Exchange also issued the notice on improving the first day trading mechanism of the IPO, and made three adjustments to the first day trading mechanism of IPO.

The Shenzhen Stock Exchange cancelled the provisional suspension threshold for the first time or 20% of the opening price, and temporarily suspended the 10% suspension threshold from 1 hours to 30 minutes.

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< p > in addition, the Shenzhen Stock Exchange stipulates that an effective declaration price range of no more than 144% of the issue price and 64% of the issuing price is set up throughout the day.

Adjust the set price to the aggregate auction at the end of the interim suspension and the closing period.

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< p > < strong > < /strong > < /p >.

< p > < strong > loosening the trading mechanism, increasing the monitoring paction behavior < /strong > < /p >

< p > Beiqing Bao reporter noted that the adjusted first day trading mechanism of IPO was more market-oriented, increasing paction time and reducing the direct intervention of the exchange. However, the trading behavior on the first day of IPO was strengthened.

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< p > the head of the Shanghai Stock Exchange said that China's stock market has always had the habit of speculations on new shares, and the Shanghai Stock Exchange will take the necessary self-regulation measures according to the seriousness of its violation, or report it to the CSRC.

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