【中國股市】熔斷機制急煞 學者:閾值過低所致
中國股市月初實施熔斷機制,首四天便觸發四次熔斷,其中兩次更導致停巿,引發恐慌性抛售;中國證監會早前指,機制沒達到預期效果,宣布暫停熔斷機制。珠海學院會計及銀行學系助理教授黃健明認為,機制推出前未有作出充分研究,他又指熔斷閾值過低,令機制沒法達到原有效果。
財經小知識:
熔斷機制於1987年始引入美國股票市場,目的是為了避免同年10月的「黑色星期一」大型股災再次發生。當標普500指數跌幅達7%(一級) 及13% (二級)時,股市將停止交易十五分鐘;而當指數跌幅達20%(三級),美股則全日停市。中國證監會於今年1月宣佈引入熔斷機制,以避免發生大規模跌市。惟其熔斷閾值過低,使機制實施首四日便觸發四次熔斷,其中兩次更導致停市,逼使中證監急急把機制煞停。
This project was funded by the Quality Enhancement Support Scheme (QESS)
Any opinions, findings, conclusions or recommendations expressed in this material / event (or by members of the project team) do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Education Bureau, any member in the Committee on Self-financing Postsecondary Education (CSPE) and its Sub-committee on Support Measures, and the Secretariat of the CSPE and its Sub-committee on Support Measures.
2024 © 香港珠海學院版權所有
建議瀏覽器 : Firefox, Chrome, IE9+, Safari