熔断机制对中国A股的影响初探

发布时间：2018-05-18 15:01

  本文选题：股市 + 熔断机制　； 参考：《时代金融》2016年03期

【摘要】：中国A股在2015年经历了前所未有的"股灾"行情,千股跌停、千股停牌、千股涨停的情形短时间内在中国的股市频繁上演,造成A股市场震荡加剧,影响整个中国资本市场的稳定。为防范中国A股市场巨幅震荡风险,避免"股灾"行情的再次发生,逐步完善我国证券市场的交易体制和机制,保护投资者的利益,维护证券金融市场秩序,推动证券市场的长期稳定健康发展,中国证监会决定在上海证券交易所、深圳证券交易所和中国金融期货交易所中,在保留现有涨跌幅限制的前提下,引入熔断机制,其目的就是为了抑制股票市场非理性的过度波动。
[Abstract]:China's A shares experienced an unprecedented "stock disaster" in 2015, with thousands of shares falling by a limit, a thousand shares suspended, and the situation of thousands of shares trading frequently staged in China's stock market in a short period of time, causing the A-share market to fluctuate more intensively. Affect the stability of the whole Chinese capital market. In order to prevent the risk of huge shocks in China's A-share market, to avoid the recurrence of the "stock disaster" market, to gradually improve the trading system and mechanism of China's securities market, to protect the interests of investors, and to maintain the order of the securities financial market, To promote the long-term, stable and healthy development of the securities market, the CSRC has decided to introduce a melting break mechanism in the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the China Financial Futures Exchange on the premise of retaining the existing limit on price and decline. Its purpose is to curb the stock market irrational excessive volatility.
【作者单位】： 河南工业技师学院;
【分类号】：F832.51
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本文编号：1906282