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China unveils circuit-breaking rules for stock market

Plans for IPO reforms will be rolled out as early as next week, say sources

Published Fri, Dec 4, 2015 · 09:50 PM

Beijing

CHINA on Friday announced circuit-breaker mechanisms to prevent systemic risk in case of sharp stockmarket falls, and it appears close to pushing ahead long-awaited reforms for initial public offerings (IPOs).

The circuit-breaking rules for all Chinese exchanges were announced by the Shanghai Stock Exchange and will take effect on Jan 1.

Sources told Reuters that plans for IPO reforms will be rolled out as early as next week.

Deng Ge, a spokesman for China Securities Regulatory Commission (CSRC), told a briefing on Friday introducing the circuit-breaker mechanism will "provide …