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stockbrokers in hong kong are facing one of the busiest periods in their careers, with a 31-year veteran calling the sudden rise in the hong kong stock market a "once-in-a-century" event.

hui yi-pin, chief executive of yiocai securities, a large local brokerage in hong kong, said the company has seen a surge in account openings. many of the company's customer support staff canceled scheduled vacations and were on call 24 hours a day to handle an unprecedented surge in customer inquiries.

brokers across hong kong are feeling similar cheer as shares of chinese companies soared following china's landmark stimulus measures last week. tiger brokers, a trading platform popular with hong kong retail investors, said its number of account openings surged 73% last week.

as investor enthusiasm mounts and some areas of the market show signs of overheating, some penny stocks jumped more than 400% on wednesday and several defaulted property developers doubled their share prices. but for now at least, there are no signs of buyer weakness.

as stocks rose to multi-year highs, turnover hit hk$434 billion ($55.9 billion) on wednesday, just shy of monday's record. local media reported that the systems of some brokerages and banks were overloaded, causing customers to queue up to log in to mobile apps.

“it was very busy throughout the day, and i didn’t even eat lunch because client inquiries kept coming,” said wen jie, head of asia investment strategy at kgi. “we will probably remain busy in the next one to two months because given the positive market sentiment , trading volumes are likely to remain high.”

janus henderson fund manager sat duhra wakes up at 3 a.m. to check the price of american depositary receipts of chinese companies. his talks with analysts on wednesday showed that interest in markets such as south korea and india is fading. "china has become the only option," he said.

hong kong's hang seng index rose 6.2% on wednesday, and the hang seng china enterprises index closed up 7.1%. china's csi 300 index officially entered a bull market on monday before being closed for a week-long public holiday.