Opening sprint period!Beijing Stock Exchange Customs Clearance Test Held Today, Reporters Interviewed Many Participating Brokers
Zhejiang News Client News The Beijing Stock Exchange announced its establishment on September 2 and officially opened on November 15. After only 74 days, it ran out of the real “Beijing speed.”
Today (13th), the Beijing Stock Exchange officially launched a market opening and customs clearance test to verify the preparation of the technical systems of all parties involved in the market for the opening of various businesses of the Beijing Stock Exchange. Many brokerages and fund companies told reporters from Zhejiang News Client that they are actively preparing to welcome the opening of the market with confidence.
Photo by Shen Aiqun, a reporter from Zhejiang News Client, where the Beijing Stock Exchange is located
The customs clearance test is equivalent to a ship test. Unlike the main board, the Beijing Stock Exchange does not impose a price limit on the first day of listed stocks (securities starting with N), and thereafter a 30% price limit will be imposed to give the market ample room for price games. On the first day of listing and the first day of the delisting consolidation period, an intraday temporary suspension will be implemented when the increase or decrease reaches 30% and 60%. When the temporary suspension is triggered, the Beijing Stock Exchange will issue a temporary suspension announcement for 10 minutes of temporary suspension, and gather when trading resumes. Bidding.
It is reported that the customs clearance test held today is based on the business scenario that took effect on November 15, simulating a complete trading day when the Beijing Stock Exchange opened. The frequency of market update is every 3 seconds, the “selected layer” is no longer displayed in the securities hierarchy announcement, and the tier of the listed companies on the Beijing Stock Exchange is displayed as “the Beijing Stock Exchange.” Participating institutions such as the National Equities Exchange and Clearing Corporation, China Clearing, Shenzhen Stock Exchange, China Securities Index, and various securities companies have participated in the “practical exercise” of the customs clearance test.
Gui Xian, general manager of Huafu Securities’ Beijing Equity Investment Banking Department, told reporters from Zhejiang News Client: “Huafu Securities has fully prepared for the opening of the Beijing Stock Exchange. The system has been upgraded and reformed. The focus is on upgrading and reforming the UF2.0 centralized trading counter, the Flushing PC terminal trading software, the mobile phone Xiaofuniu APP, and the PB institutional investment trading system involved in customer transactions. Net test.”
Prior to this, on September 25 and October 9, the Beijing Stock Exchange had conducted two network-wide tests. In order to be able to cope with the influx of trading commissions, major brokerages made full preparations and participated in several rounds of stress tests according to the arrangements of the China Securities Regulatory Commission. At present, the core technology systems of various institutions in the market have reformed the trading and market quotations of the Beijing Stock Exchange in accordance with relevant requirements, and have reached the online requirements.
Hu Bo, general manager of the business operation center of Datong Securities, told reporters that Datong Securities attaches great importance to the preparations for the opening of the Beijing Stock Exchange. In the past three months, it has been preparing for supporting measures and has completed the upgrade of various IT systems involved in the business of the Beijing Stock Exchange. Several rounds of testing. At the same time, through the official website, mobile APP, WeChat official account, online trading client and other online platforms to show investors the opening conditions and opening procedures of the Beijing Stock Exchange, and guide qualified investors to understand the Beijing Stock Exchange and open trading permissions in advance. At present, Datong Securities has also specially designed a general trading interface, quick entrance and special entrance for investors to conduct transactions on the Beijing Stock Exchange, and set up an independent section to reveal the content of the Beijing Stock Exchange.
During the preparations for the opening of the Beijing Stock Exchange, all parties in the market responded positively and participated actively. As of November 12, a total of more than 2.1 million investors have made appointments to open the CBEX qualified investor authority. After the market opens, the total number of investors who can participate in CBEX transactions exceeds 4 million. A total of 112 securities companies obtained membership qualifications and became full members of the Beijing Stock Exchange.
Announced the establishment of the Beijing Stock Exchange, the selection layer review and issuance work is proceeding normally, 10 companies that have completed the public offering and other procedures will be listed directly on the Beijing Stock Exchange, and 71 stock selection layer companies will be transferred to the Beijing Stock Exchange for listing. The fulfillment has been completed and 81 companies will become the first batch of listed companies on the Beijing Stock Exchange.
The relevant person in charge of Huafu Securities told reporters that the company has completed the revision of the trading authority of the Beijing Stock Exchange’s qualified investors and other systems, and the customer promotion work has also been progressing steadily and orderly. As of October 31, 2021, new shares of the Beijing Stock Exchange will be available for trading. There are 19,100 individual customers, 37,500 accumulatively, and the opening rate of potential investors is 59.71%.
“As a veteran of the securities industry, we are fortunate to witness another historic moment in the securities market. We are excited and excited that the deepening reform of my country’s capital market has taken a big step forward, and we can have better opportunities to serve many “specialists”. Jingtexin’s small and medium-sized enterprises and all kinds of investors contribute to the country’s industrial upgrading and solve more “stuck neck” technologies to contribute to our securities dealers’ strength and responsibility. At the same time, it can also serve as a good gatekeeper for many small and medium-sized investors. Guardian.” said the relevant person in charge of Huafu Securities.
Source: Zhejiang News Client Author: Reporter Liu Chenyin Shen Aiqun Editor: Zhang Di