The securities market is an information market, and information affects the price of securities. If the market information disclosure is insufficient, inaccurate and incomplete, the securities market price cannot reflect the real operating performance and financial situation of listed companies.
Second, protect the legitimate rights and interests of investors.
If the information is released during non-trading hours, it can be reasonably inferred that investors can generally obtain information before the market opens; However, if the information is released at the trading time and has a significant impact on the securities price, then the release of the information will lead to the instantaneous violent fluctuation of the market price, and some investors are likely to be damaged by the transaction without knowing it.
Extended data:
Relevant laws and regulations
Article 114 of the Securities Law stipulates: "When the normal trading of securities is affected by unexpected events, the stock exchange may take technical suspension measures."
Article 57 of the Measures for the Administration of Stock Exchanges stipulates that a stock exchange may suspend the trading of listed companies. Chapter XII of the Stock Listing Rules and Chapter IV of the Trading Rules of Shenzhen Stock Exchange specifically stipulate the suspension of trading of listed companies. According to whether the listed company and the transaction are in a normal state, the suspension can be divided into regular suspension and warning suspension.
China Securities Regulatory Commission-Why do you want to suspend securities trading?