China Extends Holiday Suspension of Domestic Securities, Futures Transaction for SARS

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Last updated at: (Beijing Time) Wednesday, April 30, 2003

China Extends Holiday Suspension of Domestic Securities, Futures Transaction for SARS

The May Day suspension of securities and futures trading will be extended until May 12, the China Securities Regulatory Commission (CSRC) announced Tuesday.

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The May Day suspension of securities and futures trading will be extended until May 12, the China Securities Regulatory Commission (CSRC) announced Tuesday.

China originally planned to close its securities and futures market from May 1 to May 5, but a spokesman for CSRC, China's securities watchdog, said the suspension would be extended due to the SARS epidemic.

The commission also ordered the relevant securities and futures bourses and companies to take effective measures to prevent the mass infection of the contagious disease.

The CSRC required securities and futures bourses and companies and other trading institutions to strengthen disinfections on the transaction venues to create a "safe and clean environment for the investors".

The commission also asked the securities and futures bourses and companies to develop on-line transaction technology to help investors.

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