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financial associated press, october 7 (special correspondent wang chen)the market is about to open, and it is an important work arrangement for each securities firm to arrange the bank-securities transfer business in advance to avoid lags on september 30. in addition, placing orders for the night market ahead of schedule today is also the move of many brokerages.

the lag in bank-securities transfers that occurred on september 30 has prompted various securities firms to start working in advance today. in order to cope with the demand for bank-securities transfers from customers after the holiday, many securities firms have actively negotiated with banks to open bank-securities transfer service hours in advance. this has it also fully reflects the differentiated service capabilities of each brokerage that puts customers first.

normally, except for some banks that provide 7*24 services, transfer services generally start at 8:00 or 9:00. obviously, most bank-securities transfer services are available early at around 7:30 or 8:00, which can avoid the "congestion" that occurs after concentrated transfers at 9:00 to a certain extent.

it is worth noting that relevant banks are currently working hard to advance the time for bank-securities transfers, but there are still doubts whether they can operate smoothly at the agreed time.

according to industry insiders, tomorrow will be the peak period for bank-securities transfers. some people in the industry are optimistic that savings deposits are really going to move a lot!

many brokerages have informed customers that the bank-securities transfer time will be advanced on the 8th.

on september 30, the phenomenon of lags in waiting for bank-securities transfers sounded the alarm to securities companies. in order to cope with the transfer needs of customers when the market opens tomorrow, many securities companies informed customers that they would advance the time for bank-securities transfers.

citic securities has informed customers that bank of china, citic, china merchants bank, shanghai pudong development bank and other banks will start supporting three-party transfers (excluding credit) at 7:30 on october 8; agricultural bank of china will start supporting three-party transfers (excluding credit) at 8:00. compared with the previous service hours that started at 9 o'clock, this early opening will effectively alleviate the pressure caused by the concentrated transfer demand of customers after the holiday.

gf securities also informed customers that in order to meet the bank-securities transfer needs of customers after the holiday, the company has contacted relevant banks to open bank-securities business hours in advance, including bank of china, agricultural bank of china, bank of communications, china merchants bank, citic, shanghai pudong development bank, minsheng, china everbright, and bank of ningbo. open until 8:05pm.

china merchants securities also reported that the bank-securities transfer time for banks cooperating with the company, including bank of china, bank of communications, and shanghai pudong development bank, has been advanced to 8:05. it is worth mentioning here that china merchants bank provides 7*24h bank-securities transfers for china merchants securities.

huatai securities also informed that in order to alleviate the pressure on transfers after the market opens tomorrow, the company has contacted some banks and confirmed that tomorrow (october 8) the ordinary three-party transfer time can be temporarily advanced: bank of communications, bank of china, china merchants bank, minsheng, china everbright, and ping an bank from the original 8:30 to 7:30; agricultural bank of china and bank of ningbo will advance from the original 8:30 to 8:00; china construction bank will advance from the original 8:30 to 8:12. on october 9, the above-mentioned banks will conduct ordinary three-party transfers. the time returns to 8:30.

according to the reporter's understanding, banks are also more active. several major banks have made early suggestions to securities companies today, "your company has a large transaction volume. it is recommended to sign in to the system in advance on the morning of october 8th, and [try to be as early as possible] and [try to spread as much as possible] to send holiday messages." it is recommended to transfer accumulated transfer orders to 7:30-8:00 in the morning to avoid the peak trading period after 9:00. thank you for your cooperation. ”

some brokerages support 7*24 hours bank-securities transfers

in addition to advance bank-securities transfer time, according to the reporter's understanding, some banks and securities firms have implemented 7*24-hour bank-securities transfer services, providing customers with more convenient transfer services, such as china merchants securities and china merchants bank, ping an securities and ping an bank, china merchants securities co., ltd. source securities and china merchants bank, etc.

the 7*24-hour bank-securities transfer service requires both the banking system and the brokerage system to have 7*24-hour operation capabilities and ensure system security and stability.

ping an securities proposed to support 24/7 bank-securities transfers from multiple banks. currently supported depository banks include ping an bank, postal savings bank, china construction bank, industrial bank, bank of ningbo, etc.

banks also joined in the fun and tweeted. bank of ningbo proposed that it can provide 7*24-hour bank-securities transfer services to cooperative securities companies.

where is the pressure on bank-securities transfers?

"generally speaking, the pressure on banks and securities companies lies with banks. the lag in bank-securities transfers that occurred on september 30 was due to bank order blocking, not to securities firms. customer transfer demands were concentrated and the banking system was under excessive pressure." a technician from a securities firm told reporters, "brokerages are relatively quick to receive and forward transfer instructions. the order blockage is mainly at the interface between bank-securities transfers and banks. this interface is handled by the bank."

the banking system needs to process transfer instructions from a large number of customers, and perform operations such as fund transfers and data updates. during the peak hours of the trading day, the volume of transfer requests is huge, which places high demands on the processing capabilities of the banking system.

the reporter learned that in order to cope with the large number of bank-securities transfer instructions that may appear tomorrow, several major banks are actively contacting securities firms, hoping to open the bank-securities transfer interface in advance to avoid intraday congestion and blocking orders. for transfer orders accumulated during the holidays, brokers are also advised to " try to come as early as possible and spread out as much as possible.”

opening the interface in advance, opening bank-securities transfer service hours in advance, and sending transfer entrustment instructions as dispersedly as possible will effectively disperse the transfer demand, ease the pressure on the banking system, and ensure the smooth progress of the transfer business.

bank-securities transfer time reflects the service capabilities of each securities firm

bank-securities transfer refers to the transfer of funds between customers' bank accounts and securities accounts. its technical implementation methods are mainly:

bank-side implementation: the bank system and the securities dealer system are connected through dedicated lines to realize fund transfer. the customer initiates a transfer request at the bank, and the bank system transfers the funds to the brokerage system, and the brokerage system deposits the funds into the customer's securities account.

implementation on the brokerage side: the customer initiates a transfer request on the brokerage side, the brokerage system sends the request to the bank system, and the bank system transfers the funds.

bank-securities transfers require both the bank side and the securities side to be smooth at the same time in order to achieve successful transfers. brokerages actively communicate with banks and open bank-securities transfer service hours in advance or support 24-hour transfers, which reflects the differentiated competition among brokers in services. this differentiated service will improve customer experience and enhance customer stickiness, and is an effective way for securities companies to improve their competitiveness.