China's stock regulator says market circuit breaker not appropriate: CNN

The suspended stock market circuit breaker mechanism was not an appropriate policy for China, the deputy head of the country's securities regulator told CNN, two weeks after the mechanism was halted. "The circuit breaker is a standard practice in a lot of Western markets, so we thought that perhaps it could work in China as well," Fang Xinghai, the vice chairman of China's Securities Regulatory Commission (CRSC) said in an interview with CNN on the sidelines of the World Economic Forum in Davos.