The Shanghai Stock Exchange announced several measures to promote block trades, and plans to add a four-hour period every trading day between 16:00 and 20:00pm for block trades, reports yicai.com, citing the exchange.
In addition, the threshold for block trades will be lowered from either 500,000 shares or three million yuan, to either 100,000 shares or 600,000 yuan.
The exchange plans to widen the daily limits and impose trading restrictions on shares purchased from block trades.
The bourse said the move is intended to boost innovation, and better serve the real economy, financial institutions, and the investing public.