Sep 02, 2023 03:47 AM

FINANCE

China Tightens Oversight of Program Trading in Stock Market

By Quan Yue and Han Wei

00:00

00:00/00:00

Listen to this article 1x

China’s stock markets are mired in a persistent downturn despite a series of government measures to prop them up

China’s stock markets are mired in a persistent downturn despite a series of government measures to prop them up

China’s securities regulator introduced a monitoring and reporting mechanism for program trading Friday to put the use of computer-generated algorithms in stock trading under closer scrutiny.

Under the guidance of the China Securities Regulatory Commission (CSRC), stock exchanges in Shanghai, Shenzhen and Beijing published rules on program trading and will set up reporting systems to monitor abnormal behaviors. The new rules and mechanism take effect Oct. 9, according to the CSRC.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Chinese Regions Dial Back Car Subsidies as Funds Dry Up

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: Exclusive: Ex-CSRC Chief Yi Huiman Faces Corruption Probe Likely Linked to ICBC

SPONSORED

OR