Authorities are introducing curbs on Shanghai-listed companies’ ability to halt trading of their own shares in moves aimed at preventing a repeat of actions during the summer crash — and which stand in stark contrast to easier-going rules in Hong Kong.
The Shanghai Stock Exchange plans to limit share suspensions due to asset restructuring to no longer than three months, with an additional two-month suspension permitted if circumstances warrant.
The draft rules come as the suspension of three mainland shipping groups in Hong Kong, for an expected state-sanctioned merger, passes that exact three-month mark without an update from the companies involved.
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