The Shanghai Stock Exchange revises and releases the "Shanghai Stock Exchange Trading Rules," which will officially take effect on July 6.

Approved by the China Securities Regulatory Commission, the Shanghai Stock Exchange recently revised and issued the “Shanghai Stock Exchange Trading Rules (2026 Revision).” This revision aims to optimize the securities trading system, promote market stability, improve market pricing efficiency and liquidity, and better meet investors’ trading needs. The main contents of the “Trading Rules” revision include: first, expanding the scope of securities applicable to the after-hours fixed price trading method from STAR Market stocks to all A-shares and exchange-traded open-ended funds. Second, changing the fund closing trading method from continuous bidding to closing auction, with the closing price determined through auction. Third, adjusting the price fluctuation limit for main board risk warning stocks from 5% to 10%. Additionally, adaptive revisions are made based on rule changes and business needs, including optimizing disciplinary action regulations and improving certain rule descriptions. The “Trading Rules” will officially come into effect on July 6, 2026, allowing market participants to make adaptive adjustments and prepare technically during the transition period.