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the booming chinese stock market has led to a surge in the number of securities companies opening accounts. unexpectedly, it has also become popular in opening futures accounts.

the china futures market monitoring center (hereinafter referred to as "china futures monitoring") officially announced that on october 7, the last day of the national day holiday, the futures internet account opening system will be temporarily opened. it is the first time in history that futures account openings are open during holidays. according to a reporter from brokerage china, the number of online account openings recently made by futures companies has indeed far exceeded the same period in previous years.

the futures internet account opening system will be temporarily opened on october 7

on october 6, china futures monitoring issued a notice stating that based on feedback from futures companies during the national day period, in order to alleviate the pressure on internet account openings that may occur on the first day after the holiday for some futures companies, china futures monitoring plans to start operations on october 7, 2024 (monday). the futures internet account opening cloud platform will be temporarily opened from 8:30 to 17:30. futures companies can participate according to their own conditions on the premise of ensuring that the scheduled testing, operation and maintenance tasks of the day are not affected.

china futures monitor also specifically pointed out four points for attention in the notice:

1. the china futures monitoring unified account opening system will not process business on october 7. applications that pass the internet account opening review on that day should be submitted to the unified account opening system for processing on october 8.

2. in the event of special circumstances on october 7, china futures monitoring will temporarily extend the closing time of the evening internet account opening business, and futures companies will be notified through qq and wechat groups.

3. futures companies participating in the same-day internet account opening business must normally open the counter system that is connected to the futures internet account opening cloud platform.

4. futures companies need to carefully assess the impact of the opening of internet account opening business on the scheduled testing, maintenance and other tasks on october 7 to ensure the smooth and safe operation of all businesses. if there are potential impacts or risks after assessment, please do not participate in the internet account opening business on october 7.

futures companies challenge account opening boom

"recently, our company's online appointment account opening volume has far exceeded the same period in previous years." a person from a large futures company in shanghai told a reporter from brokerage china. in order to cope with this round of account opening boom, this futures company has arranged on-duty personnel during the long holiday in advance to continue to provide online services for customer consultation and respond to customer needs in real time.

according to industry insiders, this wave of futures account openings has a lot to do with the rebound of a-shares. affected by the rebound of the stock market, the stock index futures market has also continued to rise sharply, and even reached its daily limit for a long time. the rising effect has attracted investors to test the futures market. judging from the feedback from various futures companies, stock index futures are one of the varieties that investors pay most attention to when consulting about opening an account.

recently, many futures companies have actively promoted account opening services on their official platforms, hoping to seize the opportunity in this wave of account openings.

guotai junan futures posted on its official weibo account on october 2 that "the market will not close during the national day holiday." it also offered multiple gifts for making an appointment to open an account, including free stock index futures courses.

in addition, large futures companies such as orient securities futures, yongan futures, galaxy futures, huatai futures, etc. also released relevant account opening promotion information during the long holiday. some investors also said that they received promotional text messages from futures companies to activate dormant accounts.

brokerage china reporters saw in wechat moments that even the top leaders of many futures companies were shouting for their futures account opening business.

post-holiday index is still optimistic

the national day holiday is about to end, and the domestic futures market will also reopen. stock index futures and crude oil are the two most watched products.

of course, it goes without saying much about stock index futures. nanhua futures believes that the bullish sentiment on the futures index will be further interpreted. although there are only four trading days during the national day holiday, the bullish sentiment on china has further increased. the hang seng index in the hong kong stock market rose by 7.59%, the hang seng technology index rose by 10%, and the main contract of ftse a50 rose by 11.86%, which is enough to prove that the bullish sentiment before the holiday sentiment in the chinese equity market has continued and shows signs of continuing to rise. at the same time, brokerages are working overtime to process account opening applications, indicating that the potential new forces cannot be underestimated. under this capital-driven situation, the short-term market is likely to rise further.

"however, it should be noted that some market sentiment indicators have already shown overheating before the holiday. for example, the premium of futures index has hit a record high, and the ratio of options put and call positions has returned to a record high. therefore, although we are optimistic about the market , but it is not recommended that investors chase highs and must always participate rationally," nanhua futures pointed out.

in terms of crude oil, international crude oil fell first and then rose sharply during the national day holiday, rising 7.5% during the holiday. brent crude oil dropped from us$72.7/barrel to us$69.92/barrel on october 1st after the holidays. then the geopolitics in the middle east broke out and iran's missile attack on israel changed the trend of oil prices. oil prices subsequently rose sharply, with brent crude oil reaching the highest level. it rose to us$79.28/barrel and then closed at us$78.14/barrel. market focus is on middle east geopolitics, namely israeli retaliatory actions and further escalation of the situation. overall, the short-term crude oil market supply and demand balance and price ultimately depend on the extent of israel's response and whether iran's upstream energy facilities are substantially damaged, and oil price fluctuations will be further amplified.