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A-shares trigger a circuit breaker to close early. How to resume trading after circuit breaker?

Release Time:2021-07-21 Topic:A-share matching transaction mechanism Reading:9 Navigation:Stock Liao information > Finance > Futures > A-shares trigger a circuit breaker to close early. How to resume trading after circuit breaker? phone-reading

A-shares triggered a circuit breaker and closed ahead of schedule. The first trading day of 2016 did not usher in a "good start". Instead, the newly implemented circuit breaker mechanism was tested. The market plummeted on January 4 and the circuit breaker threshold was triggered twice. The market A shares triggered a circuit breaker and closed early.

A shares triggered a circuit breaker to close early

Today, the circuit breaker mechanism was triggered again, and A shares set a record for the fastest "off work" in history. In early trading today, the A-share Shanghai and Shenzhen markets both opened lower. By 9:46, the Shanghai-Shenzhen 300 fell by 5%, hitting the fuse line, and A-share trading was suspended for 15 minutes.

At 10:00, after trading resumed, the Shanghai and Shenzhen 300 Index continued to fall, triggering the 7% fuse again, and the A shares triggered the fuse to close ahead of schedule.

It is reported that China’s circuit breaker mechanism has been officially implemented since January 1, 2016. According to the new regulations, under the circuit breaker mechanism, when the daily rise and fall of the Shanghai and Shenzhen 300 Index reaches a certain threshold, all listed on the Shanghai and Shenzhen Stock Exchanges Trading of stocks, convertible bonds, separable bonds, stock options and other stock-related products has been suspended; at the same time, trading of all stock index futures products has also been suspended simultaneously. In addition, the new regulations set two index fusing thresholds of 5% and 7%, both of which are fusing.

A-shares trigger a fuse to close in advance, what does the fuse mechanism mean?

The circuit breaker price of the CSI 300 index futures contract is plus or minus 5% of the settlement price of the previous trading day. When the market price reaches 5%, the circuit breaker mechanism is activated. In the next five minutes, the selling and buying declaration price can only be within 5%, and the transaction will continue. More than 5% of the declarations will be rejected. Ten minutes later, the price limit was enlarged to 7%. The purpose of setting up the circuit breaker mechanism is to allow investors to have a cooling-off period when prices change suddenly to prevent overreaction.

A-shares triggered a circuit breaker and closed ahead of time. Some institutions said they were not optimistic about the market conditions around the Spring Festival and the second quarter. The "warm sun" market of A-shares in 2016 may be in the second half of the year.

The A-shares trigger a fuse to close ahead of time. How to place and cancel orders during the fuse period?

If the circuit breaker ends before 15:00, the Shanghai and Shenzhen Stock Exchanges can place and cancel orders. If it lasts until 15:00, the Shanghai Stock Exchange will only accept order cancellation, and the Shenzhen Stock Exchange will accept orders to withdraw. Orders cannot be placed or cancelled within 12 minutes from the beginning of the fusion of CICC. Orders can be placed and cancelled from the 13th minute, but the call auction is entered. During the index fuse period, if the relevant securities resume trading, the implementation will be postponed until the index fuse ends.

A-shares trigger a fuse to close ahead of time, how to resume trading after the fuse?

If the circuit breaker ends before 15:00, the Shanghai and Shenzhen Stock Exchange will conduct a call auction and match the accepted applications, and then continue to bid. The declarations made within 12 minutes from the beginning of the fusing of the CICC are subject to call auctions, and the matching will be conducted from the 13th to 15th minutes, and continuous bidding will be conducted after the fusing ends.

A-shares trigger fuse to close early, how does the closing price form?

If the circuit breaks until the market closes at 15:00 and does not resume trading, the closing price of the relevant security is the volume-weighted average price (including the last transaction) of all transactions one minute before the last transaction of the security on the day, and there is no transaction on the day , The previous closing price is the closing price of the day.

Article Url:https://www.liaochihuo.com/info/616743.html

Label group:[investment] [futures] [Shanghai and Shenzhen Index] [a-share index] [call auction] [fuse mechanism

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