China’s stock exchanges published rules restricting trading halts in a move that raises the odds of the country’s yuan-denominated stocks being included in MSCI Inc.’s global benchmark indexes.
The rules are aimed at curbing arbitrary suspensions in Chinese stocks, known as A shares, the Shanghai and Shenzhen stock exchanges said in separate statements on Friday. Halts will be capped at three months for major asset restructuring and one month during private placements. The bourses will have the right to reject trading-halt applications under extreme market circumstances in order to protect investors, the statements said.
China’s exchanges allowed trading suspensions that shut down half the stock market as officials struggled to stop a $5 trillion selloff last summer.
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