China to Cut Trading Hours for Stock-Index Futures in 2016
- New futures trading to coincide with cash market hours
- Move follows 99% drop in volumes after curbs imposed
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China will cut trading hours for stock-index futures contracts next year as authorities step up measures to limit volatility in the nation’s financial markets after a $5 trillion rout.
Trading in the morning session will start 10 minutes later at 9:25 a.m. from January, in line with the cash market, while the afternoon session will end at 3 p.m., 15 minutes earlier, the China Financial Futures Exchange said in a statement on Friday. The change will affect futures contracts linked to the CSI 300 Index, CSI Smallcap 500 Index and the Shanghai Stock Exchange 50 A-Share Index.