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2015年6月中旬以来,中国股市遭遇了前所未有的股灾,面对跌跌不休的股市,市场开始呼唤熔断机制,与此同时,监管层也开始着手准备熔断机制,以更好的监控股市的不正常下跌。2015年12月4日,上交所、深交所、中金所正式发布指数熔断相关规定,熔断基准指数为沪深三百指数,采用5%和7%两档阈值,于2016年1月1日起正式实施,让人意外的是2016年1月8日,仅仅实行了四天的熔断机制被紧急叫停。熔断机制为什么会暂停、熔断机制将何去何从以及熔断机制对我国股市的影响都耐人寻味,本文试图分析。
The Chinese stock market has suffered an unprecedented stock market crash since mid-June 2015 and the market is beginning to call for a blowout mechanism in the face of a bumpy stock market. At the same time, regulators are beginning to prepare fuse mechanisms to better monitor the stock market Normal decline. On December 4, 2015, the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the CICC formally released the relevant regulations on the index fusing. The Ffuzhong Index was the Shanghai-Shenzhen 300 Index with a two-step threshold of 5% and 7%, starting from January 1, 2016 Officially implemented, it is surprising that January 8, 2016, only the implementation of the fuse mechanism for four days was an emergency stop. Why the fuse mechanism will be suspended, the fuse mechanism will go from where and how the fuse mechanism on the impact of our stock market are intriguing, this article attempts to analyze.