Zheng Quan Shi Bao·2025-06-28 10:46Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges plan to adjust the price fluctuation limit for risk warning stocks on the main board from 5% to 10%, aiming to enhance pricing efficiency and maintain market order [2][4][11]. Group 1: Regulatory Changes - The proposed adjustment is currently in the feedback stage, with a deadline for responses set for July 4, 2025 [2]. - The adjustment aims to unify the fluctuation limits of risk warning stocks with other main board stocks, thereby improving market stability and protecting investors' rights [4][11]. Group 2: Current Status of Risk Warning Stocks - There are currently 132 risk warning stocks on the main board [3][5]. - The majority of these stocks belong to sectors such as construction decoration, pharmaceuticals, media, real estate, machinery, light manufacturing, national defense, computing, electronics, textiles, food and beverage, and social services [10]. Group 3: Market Performance - The trading volume of risk warning stocks is generally low, with only 23 out of 132 stocks having a trading volume exceeding 100 million yuan on June 27, accounting for less than 20% [11]. - A significant portion of these stocks has a market capitalization below 3 billion yuan, with 86 stocks having a market value under 3 billion yuan, representing nearly two-thirds of the total [11]. - The median stock price of these risk warning stocks is below 5 yuan, which is significantly lower than the median stock price in the A-share market [11].