China will officially launch a circuit breaker for the country's benchmark stock indexes after Jan 1, 2016, respected financial magazine Caixin reported on its website, citing regulatory sources.
In September, China's Shanghai and Shenzhen Stock Exchanges and the China Financial Futures Exchange said they planned to introduce the mechanism to "stabilise the market", and has published proposals for public consultation.
Foreigners drawn in as fear and loathing grip China's finance industry
A widening regulatory probe into some of China's biggest brokerages has set nerves jangling in a financial industry still recovering from a summer of turmoil, with fear of becoming entangled in investigations spreading among foreign investors.
People working at domestic securities firms report an ugly mood after news in the past week of increased scrutiny of the sector by authorities. A nervous inertia is slowing new business as staff are encouraged to report their bosses or colleagues for corruption.
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