China-Stocks/New Rules
China-Stocks/New Rules
Dateline : July 6, 2026/File
Location : China
Duration : 1'15
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of signs of Shanghai Stock Exchange
2. Various of interior of Shanghai Stock Exchange building
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of sign of Shenzhen Stock Exchange, statue, building interior
Beijing, China - July 5, 2026 (CCTV - No access Chinese mainland)
4. SOUNDBITE (Chinese) Yang Chao, chief strategy analyst, China Galaxy Securities:
"After unifying the price fluctuation limit to 10 percent, the core purpose is to accelerate the release of risks, fully engage in the battle between bulls and bears, quickly match the stock price with the company's real risks, and break the ecosystem of speculating on poor-performing stocks and shell trading companies."
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
5. Various of traders working, screens showing stock market information
Beijing, China - July 5, 2026 (CCTV - No access Chinese mainland)
6. SOUNDBITE (Chinese) Yang Chao, chief strategy analyst, China Galaxy Securities (partially overlaid with shot 7):
"For ordinary investors: first, familiarize yourself with the rules of after-hours fixed-price trading to avoid operational errors; second, reassess the risks of ST stocks and strictly avoid targets with continuously deteriorating finances; third, change your end-of-day trading habits."
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
7. Various of traders working, screens showing stock market information
++SHOT OVERLAYING SOUNDBITE++
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
8. Aerial shots of cityscape
FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
9. Aerial shots of cityscape
China's stock exchanges began to follow revised A-share trading rules on Monday, which include extending after-hours fixed-price trading and unifying daily price limits for risk-alert stocks with other stocks across the main board.
The three major stock exchanges in Shanghai, Shenzhen, and Beijing have simultaneously revised their trading rules. The changes at the Shanghai and Shenzhen stock exchanges are more significant, mainly involving three aspects.
First, the after-hours fixed-price trading method has been expanded. Previously, this method only applied to stocks listed on the sci-tech innovation board, commonly known as the STAR Market, and the ChiNext Board. The new rules extend it to A-shares and ETFs listed on the Shanghai and Shenzhen stock exchanges. Investors can buy and sell between 15:05 and 15:30 after the market closes. The exchange system matches closing price orders according to time priority and executes trades at the closing price of the day.
Second, the Shanghai and Shenzhen stock exchanges have clarified that the daily price fluctuation limit for ST and *ST stocks on the main board has been adjusted from 5 percent to 10 percent, aligning with other stocks on the main board.
ST and *ST stocks refer to stocks facing abnormal conditions or at risk of being delisted. As of July 5, there were 79 *ST stocks and 74 ST stocks on the Shanghai and Shenzhen main boards.
Third, the Shanghai Stock Exchange has changed the trading method for funds during the closing phase from continuous bidding to closing call auction, with the closing price generated through call auction.
The Beijing Stock Exchange has also launched after-hours fixed-price trading, but it will not be implemented on July 6. The specific implementation time will be announced separately.
Experts said that the new regulations will accelerate the release of risks and help investors to avoid targets with deteriorating financial conditions.
"After unifying the price fluctuation limit to 10 percent, the core purpose is to accelerate the release of risks, fully engage in the battle between bulls and bears, quickly match the stock price with the company's real risks, and break the ecosystem of speculating on poor-performing stocks and shell trading companies," said Yang Chao, chief strategy analyst at China Galaxy Securities.
"For ordinary investors: first, familiarize yourself with the rules of after-hours fixed-price trading to avoid operational errors; second, reassess the risks of ST stocks and strictly avoid targets with continuously deteriorating finances; third, change your end-of-day trading habits," said Yang.
ID : 8488031
Published : 2026-07-06 10:27
Last Modified : 2026-07-06 17:06:15
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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