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shanghai stock exchange and shenzhen stock exchange prepare for market opening! brokerages are "extremely busy", busy opening accounts, busy expanding capacity, busy testing...

2024-10-06

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the first trading day for a-shares after the national day that investors are looking forward to is getting closer.

in order to ensure good trading operations after the holidays, the shanghai stock exchange ("sse") and shenzhen stock exchange ("szse") are scheduled to launch a market-wide connectivity test on october 7.

it is reported that the exchange’s post-holiday test is a routine test. however, given the current surge in transaction volume, it is of great significance and has attracted much attention.

during this year’s national day holiday, the busiest companies in the country are undoubtedly the securities firms. in addition to the securities business departments and middle and back offices that are busy opening new accounts, most of the development and testers and operation and maintenance teams of the it departments of the securities firms have given up their holidays to expand and test the business. be prepared.

"for exchange testing, the company has already arranged for key positions to be in place in advance, prepared resources in advance, and cooperated with the exchange to complete the system startup connectivity test and other tests on october 7." the person in charge of the relevant securities firm told a reporter from brokerage china.

shanghai and shenzhen exchanges will test the entire network tomorrow

brokerage china reporters learned from the industry that the shanghai stock exchange is scheduled to organize a system startup connectivity test after the national day holiday on october 7 (monday).

it is understood that this test simulates one trading day's trading. the test is mainly to verify that relevant parties can log in to the shanghai stock exchange's bidding, comprehensive industry, new bond, options, fixed income and other trading systems normally, and carry out announcement reception and processing, entrusted declarations, and transactions. returns, market reception and display and other services.

the shenzhen stock exchange also issued a test notice on september 26, saying that in order to ensure the trading operation after the national day holiday, it is scheduled to provide a connectivity test environment for the shenzhen stock exchange trading system on october 7 for members and related units to conduct online testing and inspection. the readiness of technical systems after the long holiday.

in fact, it is a routine test for the shanghai and shenzhen stock exchanges to conduct post-holiday testing.

for example, on october 6, 2023, the shanghai stock exchange also organized a market-wide connectivity test. eight days after the spring festival holiday this year, the shanghai stock exchange also organized a system power-on connectivity test after the spring festival holiday on february 18, 2024 (sunday) to provide a connectivity test environment for relevant institutions to power-on verification and prepare for the opening of trading on february 29 be prepared.

incremental funds are still coming in

it is worth noting that under the current unusual market environment, the entire network test of the shanghai and shenzhen stock exchanges scheduled for october 7 has attracted attention from the outside world.

since the release of the financial "combination policy" on september 24, a-shares have surged successively, with turnover exceeding one trillion yuan for three consecutive days from september 25 to 27. on september 30, a-shares broke many historical records, with the single-day turnover of the two cities exceeding 2.59 trillion yuan.

the surge in investor enthusiasm and transaction volume has also put greater pressure on capital market information technology and infrastructure.

on september 27, the shanghai stock exchange's stock bidding transactions experienced an abnormal situation of slow transaction confirmation, which affected transactions. after disposal, stock bidding transactions gradually resumed at 11:13 that day. the shanghai stock exchange deeply apologizes for the occurrence of this abnormal situation.

after abnormal stock bidding transactions occurred, the shanghai stock exchange quickly launched business testing. on september 29 (sunday), the shanghai stock exchange organized a test of platform-related business such as bidding and comprehensive industry to verify the accuracy of relevant technology platform business and technical adjustments.

according to the china securities journal, the hot market conditions continue to attract incremental funds to enter the market.

throughout the national day holiday, almost all securities firms were promoting 24/7 account opening services. brokerage china reporters visited the business departments of many securities firms on october 1 and found that almost all of them were open, conducting account opening reviews for new entrants and providing services to existing customers. open the two-in-one business permissions, etc.

the relevant person in charge of gf securities revealed to reporters that the national day holiday on october 1 continued the hot account opening trend of the previous few days. many investors submitted account opening applications through the online account opening system early in the morning. gf securities arranged personnel to be on duty throughout the national day holiday to ensure that more than 300 business outlets are "open for account opening and service". the number of account openings on the national day increased several times compared with before this round of market conditions, and the proportion of online account openings further increased.

the relevant person in charge of xiangcai securities told china securities journal that due to the significant increase in the number of account opening applications, the xiangcai securities customer service center has deployed manpower and worked overtime to conduct account opening reviews and telephone return visits since before the holiday. “in order to ensure that investors can use their accounts as soon as possible after the holidays, 24/7 new account opening acceptance and review services are provided during the national day holiday.”

the above-mentioned person from xiangcai securities also revealed that the number of new account openings recently increased by 97% month-on-month and 164% year-on-year. recently, new account-opening investors have become significantly younger than in the past. the investment participation of those born in the 1990s and 2000s has gradually increased. from september 23 to september 30, among the account opening customers of xiangcai securities, those born in the 2000s became the main force, accounting for 27%, followed by post-90s accounted for 23%, and post-80s accounted for 24%. at the same time, the opening of xiangcai securities’ two-financing accounts has recently increased by 94% month-on-month and 174% year-on-year.

brokerage china reporters also learned from the industry that china clearing has also opened the unified account platform and identity information verification system and opened various business permissions in advance from october 6 to cope with the massive number of account opening applications and business permission applications during the holidays. "in order to avoid congestion in the court authority system on the first trading day after the holiday, it is recommended that customers and friends submit permission applications as early as possible." said the person in charge of the relevant securities firm.

brokerage it is busy working overtime

in addition to the brokerage business department, the it department personnel of securities firms are the busiest group during the national day holiday.

"i took a three-day holiday during the national day, and then returned to the company to work overtime every day. some colleagues who arranged long-distance travel early in the morning had to change their air tickets and cancel their hotel arrangements due to work needs." an it engineer at a brokerage in south china told brokerage china reporters said that almost all it departments of brokerages are working overtime for exchange testing and pre-start inspections.

at the same time, he said that during the national day holiday, the brokerage also arranged it personnel on duty every day to ensure the stable operation of the system and respond to business inquiries from the sales department.

“during the holidays, all the backbone of the technical department and nearly half of the development and testing staff gave up their holiday travel arrangements and devoted themselves to system expansion and management and control. in particular, after the operation and maintenance team worked overtime for three consecutive days, all staff worked at their posts during the holidays and implemented 7*24 duty mechanism,” the relevant person in charge of xiangcai securities told the china securities journal,

the above-mentioned person in charge of xiangcai securities stated that the company’s it department’s overtime tasks focus on four points:

one is the expansion of system and network capacity. the capacity of cloud platforms, databases and important information systems will be re-assessed based on three times the pressure of the peak on september 30. during the holidays, the technical team will further follow up and analyze the actual business conditions of the last two trading days, conduct centralized transactions and app and other important systems, evaluate the capacity of server resources and network lines, and quickly start the expansion plan based on the evaluation, and complete the necessary expansion of basic resources, authorization and application nodes during the national day.

the second is business support. for example, strengthen the duty guarantee of the call system, internet account opening and business review system during the holidays.

the third is to be on duty during the national day to ensure the normal operation of business during the holiday.

the fourth is to prepare for the connectivity test of the shanghai and shenzhen stock exchanges, arrange key positions in advance, prepare resources in advance, and cooperate with the exchange to complete the system startup connectivity test and other tests on october 7.

the overtime work of xiangcai securities it and other departments during the national day is almost a microcosm of the it departments of all securities companies.

the relevant it person in charge of gf securities also told reporters that in order to cope with the recent surge in market transaction volume, the company immediately launched system performance capacity evaluation and expansion work. on the one hand, in the evaluation process, historical transaction data were analyzed in depth, and the performance indicators of all systems involved in transactions and customer services were reviewed to identify resources that needed expansion, including server resources, network bandwidth, etc., which was more effective. make expansion decisions. on the other hand, for key trading and customer service systems, the company cooperated with the exchange arrangements and implemented special stress tests to simulate extreme trading scenarios to ensure that the system can still operate stably under extremely high load conditions.

"we will pay close attention to market policies and market dynamics, continue to strengthen system monitoring and prevention and control, ensure the safe and stable operation of the trading system, cope with the expected growth in market transaction volume in the coming period, and provide investors with a good trading experience." gf the above-mentioned securities person said.