Trade in China's first two IPOs in 10 mths suspended

SHANGHAI, July 10 (Reuters) - Shares in China's Guilin Sanjin Pharmaceutical 002275.SZ and Zhejiang Wanma Cable 002276.SZ, the country's first initial public offerings (IPOs) in 10 months listed in Shenzhen on Friday, were suspended after they rose 20 percent in intraday trading.

To clamp down excessive speculation in new shares, the Shenzhen Stock Exchange has adopted regulations this year stipulating that it will suspend trading in IPO shares for 30 minutes if prices rise or fall 20 percent in intraday trading, and another 30 minutes if they jump or dive 50 percent.

"We suspended trading in the two companies' shares for 30 minutes in line with the new rules," an exchange official told Retuers. ($1=6.83 Yuan) (Reporting by Lu Jianxin and Ben Blanchard; Editing by Jonathan Hopfner)