January 4 is the first day of trading for China's stock market in 2016.On this day, the a-shares triggered the circuit breaker twice, the first time in history to be closed.

By the time of the melting, the Shanghai composite index was down 242.52 points, or 6.85 percent, at 3296.66.At 11630.94, it fell 1033.95 points, or 8.16%, to 355.3 billion yuan.The gem index was at 2491.27, down 222.78 points, or 8.21%, to 88.31 billion yuan.In addition, the Shanghai and shenzhen stock exchanges reached 3470.41 points, down 6.98%.On the stock side, only 44 stocks rose in both cities.

It is understood that the fuse threshold is 5% and 7%. After the index triggers 5% of the fuse, the securities in the fuse range will be suspended for 15 minutes.However, if the late stage (between 14:45 and 15:00) triggers 5% or any time of the day to trigger 7%, the transaction will be suspended until the closing date.

Financial development research institute of nankai university professor Tian Lihui told the north network new media reporters, fusing mechanism is used to cool the market mood, under too optimistic or too pessimistic mood, can be suspended from trading, to the market in a short time periods of calm.

He thinks, to return to rational market, China's stock market need to be adjusted, the system construction for a long time and require a more prudent financial reform, history and reality should be considered to economic conditions, etc.In the long run, the stock market changes as the economy changes.Therefore, to stabilize the economy and promote development is the fundamental driving force for the sustained and healthy development of China's stock market.