SHANGHAI Oct 30 Shares in two of the 28
companies that debuted on Friday on the launch day of trade for
the country's Nasdaq-style ChiNext market were suspended during
the first 20 minutes of trade after they rose 20 percent from
their opening price, triggering exchange circuit-breakers.
Chinese biological products maker Anhui Anke Biotechnology
(Group) Co (300009.SZ) and sports equipment maker Beijing Toread
Outdoor Products (300005.SZ) were both suspended from trade, the
Shenzhen Stock Exchange said, after more than doubling from their
To clamp down on excessive speculation in new shares, the
Shenzhen Stock Exchange, home of the ChiNext market, has adopted
regulations stipulating that trading in newly listed shares will
be suspended for 30 minutes if their price rises or falls 20
percent from their opening price, and for another 30 minutes if
it moves 50 percent.
A move of 80 percent from the opening price will result in a
suspension of trade until the final three minutes of the session.
(Reporting by Lu Jianxin and Edmund Klamann; Editing by