上海证券交易所交易规则英文版

TRADINGRULESOFSHANGHAISTOCKEXCHANGECircularonthePromulgationoftheTradingRulesofShanghaiStockExchangeTheTradingRulesofShanghaiStockExchangehavebeenapprovedbyChinaSecuritiesRegulatoryCommissionandareherebypromulgatedforimplementationasofJuly1,2006.Therelevantdetailedruleswillbepromulgatedseparately.ShanghaiStockExchangeMay15,20061ContentsChapterIGeneralProvisions.................................................................................................3ChapterIITradingMarket........................................................................................................3Section1Marketplace.............................................................................................................3Section2TradingParticipantsandTradingRights..............................................................3Section3TradingInstruments................................................................................................4Section4TradingHours..........................................................................................................4ChapterIIISecuritiesTrading.................................................................................................5Section1GeneralRules...........................................................................................................5Section2DesignatedTrading..................................................................................................5Section3ClientInstruction.....................................................................................................6Section4OrderRouting..........................................................................................................7Section5Auction....................................................................................................................10Section6Execution................................................................................................................10Section7BlockTrading.........................................................................................................12Section8BondRepoTrading................................................................................................14ChapterIVOtherTrading-relatedMatters.........................................................................14Section1OpeningPriceandClosingPrice..........................................................................14Section2Listing,Delisting,TradeSuspensionandResumption.......................................14Section3Ex-rightandEx-dividend......................................................................................15ChapterVTradingInformation............................................................................................16Section1GeneralRules.........................................................................................................16Section2Real-timeQuotations.............................................................................................16Section3SecuritiesIndices...................................................................................................17Section4PublicInformationonSecuritiesTrading...........................................................17ChapterVISupervisionofTradingActivities...................................................................18ChapterVIIHandlingofExtraordinaryCircumstancesDuringTrading....................20ChapterVIIITradingDisputes..............................................................................................21ChapterIXTradingFees........................................................................................................21ChapterXDisciplinarySanctions.......................................................................................21ChapterXISupplementaryProvisions..............................................................................222ChapterIGeneralProvisions1.1TheTradingRuleshavebeenformulatedinaccordancewiththeSecuritiesLawofthePeople’sRepublicofChinaandotherlaws,administrativeregulations,rulesofStatedepartmentsandtheConstitutionofShanghaiStockExchangeinordertoregulatesecuritiestradingactivities,safeguardtheorderinthesecuritiesmarketandprotectthelegitimaterightsandinterestsofinvestors.1.2TheTradingRulesareapplicabletothetradingofsecuritiesandderivatives(hereinaftercollectivelyreferredtoassecurities)listedonShanghaiStockExchange(hereinafterreferredtoastheExchange).AnymatternotspecifiedintheTradingRulesshallbegovernedbyotherapplicablerulesoftheExchange.1.3Theprincipleofopenness,fairnessandjusticeshallbefollowedinthetradingofsecurities.1.4Tradingofsecuritiesshallcomplywithlaws,administrativeregulations,rulesofStatedepartmentsandtherelevantrulesoftheExchangeandshallbebasedontheprincipleoffreewill,compensation,honestyandgoodfaith.1.5SecuritiesshallbetradedonadematerializedandcentralizedbasisorbysuchothermeansasChinaSecuritiesRegulatoryCommission(hereinafterreferredtoastheCSRC)mayapprove.ChapterIIT