Lessons must be learned from stock market glitch
Updated: 2013-08-21 23:10
(chinadaily.com.cn)
|
|||||||||
On Aug 16, the Shanghai Stock Index experienced a sudden jump of 5.96 percent, with several important shares reaching their top limit.
The incident was because of a computer error. The glitch has led to valuable lessons that must be learned, said a column on People's Daily (excerpts below).
After the glitch, the China Securities Regulatory Commission took immediate measures and prevented more damage from happening.
The accident still reveals loopholes, not least that the commission could have informed clients earlier.
Actually, events of this nature have also occurred in foreign markets.
To prevent it from happening again, supervision over markets and computers must be enforced.
On the website of China Securities Regulatory Commission there is a slogan in big, bold words. It reads: It is our job to protect the interests of investors.
They will live up to the words even more if they learn from the accident.
After all, one can never be too careful in stock markets.
- Jeremy Lin celebrates birthday in Taipei basketball clinic
- Police identify suspect in US school shooting
- Merkel makes historic visit to Nazis' Dachau camp
- Chinese fleet sets sail for joint drills
- President Xi meets WHO director-general
- Everyman movie star
- Rural boarding schools need dorm managers
- Center of hope and support
Most Viewed
Editor's Picks
Graduates hope to bust graft |
Growth driver |
Get ready for army roll call |
In High (School) Demand |
Construction of parking lots still in slow lane |
Questioning China's achievements |
Today's Top News
Rebound of US-listed Chinese stocks to continue
Report shows fall in China forex purchases
NSA surveillance covers 75% of US Internet traffic
US blockbusters perform in China, but not at home
Japan to raise rating for Fukushima leaks
US studios, China OK box-office settlement
EU to investigate US survellance case
Police identify suspect in US school shooting
US Weekly
Geared to go |
The place to be |