What are the trading rules for the suspension of science and technology innovation board?
The trading rule of science and technology innovation board's suspension is that when the intraday trading price rises or falls by 30% or 60% compared with the opening price for the first time, a temporary suspension will be triggered. The duration of temporary suspension in a single session is 10 minute. The fluctuation direction of each trading day can only trigger two temporary suspensions, and it can trigger up to four temporary suspensions in 40 minutes. In the temporary suspension stage, investors can continue to declare or cancel the declaration, and the declared price is not limited by the 2% quotation. After the resumption of trading, the call auction matchmaking transaction will continue.
The trading rules of science and technology innovation board's suspension of trading is a relatively big innovation, which was originally set up to prevent science and technology innovation board from fluctuating greatly. For example, after a stock goes public, it rises by 30% compared with the opening price, triggering a temporary suspension, and then with the further rise in place, the market triggers a suspension again, and so on. This is the suspension rule in science and technology innovation board.
It is a unique mechanism to suspend the trading of science and technology innovation board, mainly because the business model, R&D and development investment of science and technology innovation board are far greater than those of other companies on the main board, so this is conducive to reducing irrational speculation, preventing wrong operations such as "oolong finger" and preventing market fluctuations. In addition, it is worth noting that during the temporary suspension period, there is no limit on the price increase and decrease, and investors can still fully play the game through the call auction method when resuming trading.