The Shenzhen Stock Exchange (SZSE) has introduced the pricing of block trading after trading hours. On the first day, block transactions in two securities were carried out, with a total trading volume of renminbi 2.8 million.
SZSE said it has sought to introduce a series of improvements to the block trading system. The exchange published trading rules in the summer of 2013. The new amendments lower the threshold for block trading, and include pricing of block trading after trading hours.
Lowering the threshold for block trading was implemented last year and the pricing of block trading after trading hours has now been rolled out after relevant technological preparations have been completed.
The new rules includes two types of pricing categories, closing price and the weighted average price of the day, both of which the exchange says will offer the market more transparent pricing mechanisms for block trading.