China suspends stock circuit breaker rule

(Updated - January 7, 2016 9:49 AM EST)

China said it will suspend the stock circuit breaker rule, which halted markets in China overnight less than half an hour after opening after being tripped for the second time this week.

From CN Stock (translated):

According to the Shanghai Stock Exchange China Securities Network News January 7 news, to maintain smooth operation of the market, approved by the China Securities Regulatory Commission, the Shanghai Stock Exchange decided since January 8, 2016 to suspend the implementation of Chapter 4, "Shanghai Stock Exchange rules" "index fuse" mechanism prescribed in Section Five.

According to the Shenzhen Stock Exchange messages, to safeguard the smooth operation of the market, approved by the China Securities Regulatory Commission and Shenzhen Stock Exchange decided to suspend the implementation of the "Shenzhen Stock Exchange rules" provisions of Chapter VI of the "index since January 8, 2016 fuse "mechanism.

In addition, according to gold in the news, to maintain the smooth operation of the market, approved by the China Securities Regulatory Commission, China Financial Futures Exchange decided since January 8, 2016, to suspend the implementation of the CSI 300, SSE 50, the CSI 500 stock index futures fuse system.

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