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Article: CHINA MAY WIDEN MAX FLOATING RANGE OF STOCK PRICE
- Article from:
- AsiaInfo Services
- Article date:
- February 27, 2006
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AsiaInfo Services
02-27-2006
China May Widen Max Floating Range of Stock Price
SHANGHAI, Feb 27, 2006 (SinoCast via COMTEX) -- The Chinese government will likely widen the up or down limit of a stock price during a trading day, amid projections for a more active stock market.
The composite index of the Shanghai Stock Exchange (SHSE) has been weak since it hit 1,300 points and increasing rumors struck the investors' nerves one after another. The latest news said that the administration of securities market will possibly loosen the rein on up-or-down-limit.
In fact, the max price floating range of 10 took effect from 1996, in an attempt to curb the overmuch speculation. At first, the effect of ...