China to introduce circuit-breaker for stock market

The Chinese are fast learners....


China's securities watchdog said on Sunday evening that it is drafting a plan to implement the circuit-breaker mechanism in the country's stock market in a move to guard against extreme market volatility.

The regulator's statement came after China's A-share market has suffered a dramatic fall of 38 percent since its peak in mid-June.

The plunge has erased $5 trillion in market value, triggering widespread fears that China's stock market rout could cause ripple effect to global markets.

[link to www.chinadaily.com.cn]