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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

GIVEN THE GREEN LIGHT: China's moves highlight rising confidence in Beijing that it can move to tweak market structure without destabilising its main indices.


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