The China Securities Regulatory Commission suspended its recently implemented circuit-breaker system Thursday, hours after Chinese stocks were halted shortly into the trading session.
The system led to trading halts on two separate days this week amid selling. The circuit breaker kicked in roughly 30 minutes into Thursday trade, when the CSI300 plunged more than 7 percent.
Suspending circuit breakers would effectively cut off one regulatory tool China has used to limit how far stocks can fall.
What's the point of regulation if you suspend it at exactly the time when you need it?
Submitted January 08, 2016 at 12:08AM by bakwaastrading http://ift.tt/1TJxq0a
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