Chinese stock exchanges set time limit for trading suspension

China's two stock exchanges have set the upper-time limit for listed firms' trading suspension to better protect investors' interests.

Listed firms on the Shanghai and Shenzhen bourses seeking to suspend trading over important asset reorganization should finish the process within a time frame of no longer than three months, according to statements released by the two institutions on Friday.

Similar time limits are also rolled out for continuous plans for asset reorganization, non-public offerings and major asset purchase. Endi