Trading error suspected

A trading error is being suspected after the share price of China Life Insurance dropped by over 9 percent and swiftly bounced back at 11 am on Wednesday on the Shanghai bourse, news portal sina.com.cn reported.

A source close to the regulatory body said the Shanghai Stock Exchange has contacted the company over the matter.

The market was also shocked in August 2013 when an error by a trading unit of Everbright Securities caused a sudden spike in the Shanghai bourse.