China's major stock exchanges unveil trading rule overhaul to boost market vitality

China

China's major stock exchanges unveil trading rule overhaul to boost market vitality

2026-04-27 17:36 Last Updated At：20:37

China's three major stock exchanges have revised trading rules over the weekend to boost market vitality, maintain stability and better meet investors' trading needs.

The Shanghai Stock Exchange has altered the closing mechanism for funds from continuous trading to call auction. The closing price will be adjusted accordingly.

The Shenzhen Stock Exchange has introduced market makers to the ChiNext board, China's Nasdaq-style venue for growth enterprises, and implemented real time confirmation for block trades of ChiNext-listed stocks.

The Beijing Stock Exchange has added regulations to address abnormal fluctuations, and clarified risk warning and trading rules for stocks in the delisting arrangement period.

All the three stock exchanges have expanded after-hours fixed-price trading to all equities and exchange-traded funds (ETFs).

Moreover, the Shanghai and Shenzhen exchanges have lifted the daily price limit for main board stocks under ST (special treatment) or risk warning status from 5 percent to 10 percent.

"The new trading rules of the Shanghai Stock Exchange feature three key highlights: first, they expand after-hours fixed-price trading from the sci-tech innovation board (STAR Market) to all A-share listings, providing large investors with an additional window to execute sizable trades without disrupting intraday prices; second, they change the closing mechanism for funds from continuous trading to call auction, allowing the closing price to better reflect balanced market forces; third, they raise the price limit for risk-warning stocks on the main board to 10 percent, aligning them with ordinary main board stocks, which enhances pricing efficiency. In short, the system is moving closer to practices in mature markets," said Tian Lihui, a council member of the China Capital Market Society, a non-profit academic organization supervised by the China Securities Regulatory Commission (CSRC).

These new rules will take effect on July 6.

Sawe's sub-2 hour marathon record proves no human is limited: Kenyan official

As Kenyan marathon runner Sabastian Sawe shattered the two-hour barrier at the 2026 London Marathon on Sunday, Barnaba Korir, Youth Development Director at Athletics Kenya, hailed his historic achievement as a landmark moment for the nation and resounding proof that no human is limited.

Taking up the ultimate marathon challenge that had long eluded even the legendary runner Eliud Kipchoge, who famously finished the world's first sub-two-hour marathon distance under specially designed, non-race conditions with support, Sawe became the first person to break the two-hour mark in a sanctioned marathon, clocking 1:59:30 at this year's London Marathon.

Speaking in an exclusive interview with China Global Television Network (CGTN), Korir, a former athlete now devoted to sports development in Kenya, called the day "a historic moment" for his country.

"This is really a historic moment for Athletics Kenya. Sebastian Sawe breaking the two-hour barrier for the first time on a scale that we were looking for with Kipchoge. We are very excited about this performance and Athletics Kenya and Kenya as a whole is proud of what he has done today in London," he said.

Beyond the race itself, Sawe's feat has once again demonstrated to the world that the human spirit yields to no limits, he added.

"This was a big surprise we did not expect. I watched the race and at first I thought maybe they were not going to make it, but eventually he did. As Eliud Kipchoge said before, that no human is limited. Yes, it has been done, and we believe that actually when you give all the support that is necessary, the work that they have done, yes, no human is limited, and Kenya has shown that it can be done," he said.