Shanghai Stock Exchange Solicits Public Opinions On Revising Relevant Rules Of Market Closing Mechanism

The Shanghai Stock Exchange (SSE) lately issued a notice stating that it will adjust the market closing mechanism and adopt the call auction for closing price. The SSE hereby solicits public opinions on revising relevant rules of market closing mechanism till June 17, 2018.

An SSE official said that call auction for market closing is one of the major methods of forming closing prices in the international securities markets, and the SSE has made a long-term study on it and believed that adopting call auction will help to maintain the stability of prices in the market closing stage.

Next, the SSE will fully solicit opinions of all parties, improve relevant rules, and release and implement the revised rules after being approved by the China Securities Regulatory Commission.