Shanghai exchange moots length limits on share suspensions

The Shanghai Stock Exchange has issued draft rules that would limit share trading suspensions due to asset restructuring to three months with a maximum extension of two more months, a move aimed at preventing a retread of early July, when more than half of all listed companies suspended trading on those grounds in order to prevent share prices from falling due to panic selling, The Financial Times reported. Since the beginning of 2014, 13% of Shanghai-listed companies that suspended trading in their shares citing asset restructuring did so for more than five months, according to the state-run China Securities News.