Shanghai Stock Exchange: The price limit ratio for risk alert stocks on the main board will be adjusted from 5% to 10%

Recently, with the approval of the China Securities Regulatory Commission, the Shanghai Stock Exchange has revised and issued the "Trading Rules of the Shanghai Stock Exchange (2026 Revision)". The revision mainly includes: First, the scope of securities applicable to the after-hours fixed price trading method has been expanded from the STAR Market stocks to all A shares and exchange-traded open-end funds. Second, the trading method for the closing stage of funds has been adjusted from continuous bidding to closing call auction, and the closing price is generated through call auction. Third, the price limit ratio for the price fluctuations of risk warning stocks on the main board has been adjusted from 5% to 10%. In addition, adaptive revisions will be made according to changes in rules and business needs, including optimizing disciplinary measures and improving some rule expressions. The "Trading Rules" will be officially implemented starting on July 6, 2026, providing a transition period for market participants to make adaptive adjustments and prepare technically. Next, under the guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange will continue to implement the decisions of the Party Central Committee and the State Council, focus on the main line of high-quality development, continuously study and optimize the trading system, strengthen trading supervision, and effectively protect the legitimate rights and interests of investors. This article is selected from the WeChat official account "Shanghai Stock Exchange Release"; GMTEight Editor: Huang Xiaodong.