Tuesday seems to be a quiet day for investors, compared with Monday's plunge of A-shares, which led to the "circuit breaker mechanism" being triggered twice in less than half an hour.
The China Securities Regulatory Commission says the newly adopted mechanism, has important effects to stabilize the Chinese stock markets, and played a positive role in protecting investors' rights. It added that China will optimize the mechanism according to the operational feedback.
The securities regulator also says it's studying rules on big shareholders' stake cut, which will be released soon. The comments come ahead of Friday's expiry date for curbs on big shareholders, when they can sell off their shares.
The share value they hold is estimated at over a trillion yuan, which would have a huge impact if they all liquidate. But the commission points out that direct share selling on major stock exchanges, only accounted less than one percent in the total amount of their holdings reduction.
