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English > Finance > Finance-newsbrief>Shenzhen Exchange Moves to Curb Speculation on GEM

Shenzhen Exchange Moves to Curb Speculation on GEM

09-24 13:21 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-09-23/110259438.html

» The Shenzhen Stock Exchange, where the soon-to-be-launched Growth Enterprise Market will be based, said it has issued rules governing stock debuts on the Nasdaq-style board to curb excessive speculation.
» An initial 30-minute suspension will be triggered when the price rises or falls by 20 percent from the opening price, according to rules published on the bourse's Web site Sept. 23.
» A second 30-minute suspension will be activated when the price rises or falls by 50 percent.
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