第一百零二条因违法行为或者违纪行为被开除的证券交易所、证券登记结算机构、证券公司的从业人员和被开除的国家机关工作人员，不得招聘为证券交易所的从业人员。

Article 102. Employees of a stock exchange, securities registration or account balancing institution, or securities company who have been dismissed due to practices in violation of the law or of discipline, or dismissed state organ employees shall not be recruited as employees of a stock exchange.

第一百零三条进入证券交易所参与集中竞价交易的，必须是具有证券交易所会员资格的证券公司。

Article 103. The securities companies that participate in collective trading through bidding at a stock exchange must be those that hold stock exchange membership.

第一百零四条投资者应当在证券公司开立证券交易帐户，以书面、电话以及其他方式，委托为其开户的证券公司代其买卖证券。

Article 104. Investors shall open stock exchange accounts with securities companies, and in written form, by telephone, or through other means entrust the company with buying and selling securities for them.

投资者通过其开户的证券公司买卖证券的，应当采用市价委托或者限价委托。

Investors who sell and buy securities through the securities companies with which they have opened accounts shall entrust the companies by adopting market price or limit price.

第一百零五条证券公司根据投资者的委托，按照时间优先的规则提出交易申报，参与证券交易所场内的集中竞价交易；证券登记结算机构根据成交结果，按照清算交割规则，进行证券和资金的清算交割，办理证券的登记过户手续。

Article 105. Entrusted by investors, securities companies will file trading declarations based on the rule of time precedence, and participate in the collective trading through bidding at the stock exchange. The securities registration and account balancing institutions conduct stock clearing and delivery of securities and capital, and handle the procedures of security registration and transfer ownership based on transaction results and in accordance with the rules of clearing and delivery.

第一百零六条证券公司接受委托或者自营，当日买入的证券，不得在当日再行卖出。

Article 106. The securities companies, either entrusted or self‑operating, shall not sell the securities on the same day they are purchased.

第一百零七条证券交易所应当为组织公平的集中竞价交易提供保障，即时公布证券交易行情，并按交易日制作证券市场行情表，予以公布。

Article 107. The stock exchange shall provide guarantee for organized and fair collective trading through bidding, promptly publicize stock market prices, and create and publicize stock quotations lists based on the situation of the transaction day.

第一百零八条证券交易所依照法律、行政法规的规定，办理股票、公司债券的暂停上市、恢复上市或者终止上市的事务，其具体办法由国务院证券监督管理机构制定。

Article 108. The stock exchange handles affairs regarding suspension, resumption, and termination of the listing of stocks and corporate bonds on the basis of law and administrative regulations. The concrete procedures are formulated by the securities regulatory body of the State Council.

第一百零九条因突发性事件而影响证券交易的正常进行时，证券交易所可以采取技术性停牌的措施；因不可抗力的突发性事件或者为维护证券交易的正常秩序，证券交易所可以决定临时停市。

Article 109. When an emergency affects the normal operation of a stock exchange, it can introduce technical measures to stop listings; in the event of an irresistible emergency or to preserve its normal operation, it can decide to temporarily halt trading.

证券交易所采取技术性停牌或者决定临时停市，必须及时报告国务院证券监督管理机构。

If a stock exchange introduces technical measures to stop listings or decides to temporarily halt trading, it must immediately report this to the State Council's securities regulatory body.

第一百一十条证券交易所对在交易所进行的证券交易实行实时监控，并按照国务院证券监督管理机构的要求，对异常的交易情况提出报告。

Article 110. A stock exchange monitors and supervises securities trading and, in accordance with the requirements of the State Council's securities regulatory body, report on abnormal trading.

证券交易所应当对上市公司披露信息进行监督，督促上市公司依法及时、准确地披露信息。

A stock exchange shall supervise the information released by the company on the listing, and it shall also supervise the company in lawfully, promptly, and accurately releasing information.

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