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In May 1992, the Shanghai Stock Exchange implemented the T+0 trading rule after canceling the limit on the rise and fall.
In November 1993, Shenzhen Stock Exchange also cancelled T+1 and implemented T+0.
In 1995, based on the consideration of preventing stock market risks, the trading of A shares and funds in Shanghai and Shenzhen Stock Exchanges was changed back to the T+1 settlement system from the T+0 turnaround trading mode, which has been used up to now.
In February 2001, the B-share market in Shanghai and Shenzhen Stock Exchanges was opened to the outside world, and the T+0 turnaround trading mode was still implemented. In this way, when mainland investors trade A shares and B shares in Shanghai and Shenzhen, they implement T+0 and T+1 settlement modes respectively. Therefore, some people suggest that the two markets unify this system as soon as possible.
In December 2001, the B shares in Shanghai and Shenzhen Stock Exchanges were adjusted from T+0 to T+1. At the same time, the convertible bond trading system has been adjusted from T+1 to T+0. Article 106 of the Securities Law also clearly stipulates that "securities companies shall not sell the securities they buy on the same day when they accept entrustment or self operation". This law stipulates that the trading of China's stock market adopts the T+1 mode.
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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