98 securities companies, 10 information providers, and 8 fund companies in the entire market participated in the second test of the Beijing Stock Exchange’s entire network test ended and the market opened and entered the sprint stage
A reporter from China Securities News learned from the Beijing Stock Exchange on the 10th that 98 securities companies, 10 information companies, and 8 fund companies participated in the second network-wide test of the Beijing Stock Exchange on the 9th. At this point, the opening of the Beijing Stock Exchange has come to an end for the entire network test. Various test tasks were successfully completed, and the technical system of the participating institutions was running smoothly. In addition, the Beijing Stock Exchange will conduct customs clearance tests in conjunction with participating agencies before the market opens.
Judging from the feedback from the brokerage channels, investors who applied for the opening of the trading authority of the Beijing Stock Exchange were very enthusiastic. Zhou Yunnan, founder of Beijing Nanshan Investment, believes that based on the previous experience of the whole network testing of the Sci-tech Innovation Board and the ChiNext registration system, the Beijing Stock Exchange has entered the final sprint stage. And related supporting measures.
Positive response from brokers
The content of the two network-wide tests is to verify the core technology system of market institutions, and should be in accordance with the “National SME Share Transfer System Transaction Support Platform Data Interface Specification (V1.46)” and “Trading Support Platform Market Participant Technical System Development Guide V1.0” In addition to the requirements of technical specifications, the transactions and market conditions involved in the opening of the Beijing Stock Exchange were transformed to meet the online requirements.
Brokerage firms are the largest number of participating institutions and have good feedback on test results. “The content of the second test is mainly for retesting investor suitability management, entrusted authority control, market information disclosure, and entrusted functions of various trading channels.” The person in charge of related businesses of China Merchants Securities said in an interview with a reporter from China Securities News. In the two network-wide tests, in addition to testing strictly in accordance with the Beijing Stock Exchange test plan, we also extended tests for some extreme scenarios and special scenarios to ensure that the system meets the requirements of various business scenarios. Therefore, the completion time of the two tests The difference is not big, and the test reports were reported in time.”
A reporter from China Securities News learned from Founder Securities that Founder Securities attaches great importance to the preparations for the opening of the Beijing Stock Exchange and is intensively preparing for supporting measures. As one of the first brokers to launch the trading authority function of the Beijing Stock Exchange, Founder Securities operations and financial technology related departments have participated in two network-wide tests organized by the Beijing Stock Exchange to verify the company’s core trading system, Xiaofang App, and Xiaofang. The PC trading terminal’s technical preparation for the opening of the Beijing Stock Exchange. At present, Founder Securities has specially designed a general trading interface, quick entrance and special entrance for investors to open CBEX transactions, and set up an independent section to reveal the content of CBEX market.
High market participation
A broker in the business department of a large brokerage firm told the China Securities Journal that as of October 10, nearly 60% of investors whose business department meets the investor suitability requirements of the Beijing Stock Exchange have already submitted an appointment to open an account. . “Some investors are still on the sidelines and want to wait for the opening of the Beijing Stock Exchange before choosing an opportunity to open an account.” The broker said.
The person in charge of the above-mentioned related business of China Merchants Securities stated: “In the preparations for the opening of the Beijing Stock Exchange, the company aims to’reduce investor troubles and optimize investor experience.’ Instead, it adopts the direct opening method, that is, after the opening of the Beijing Stock Exchange, investors can directly participate in the transaction without having to make an appointment in the previous period to open the operation authority again. Since September 22, the company has added the “Beijing Stock Exchange”. There are nearly 20,000 qualified investors, and nearly 8,000 newly-increased types of first and second types of qualified investors (tradeable in Beijing Stock Exchange stocks).”
It is reported that as of October 8, Founder Securities has made an appointment to open the trading authority of the Beijing Stock Exchange to 22,000 customers, an average of more than 2,000 customers per day.
The risk should be assessed
At present, investors can only make an appointment to open an account, and the formal opening can only be carried out after the Beijing Stock Exchange opens. “This is determined by the trading rules and has little to do with this technical test.” A relevant person from the Beijing Stock Exchange pointed out.
Experts estimate that there are close to 8 million individual investors that meet the investor suitability requirements of the Beijing Stock Exchange.
Investors are enthusiastic about participating in the Beijing Stock Exchange. A reporter from China Securities News noticed that in the Moments of Friends, senior investors proposed to build a community with friends who have researched the company, focusing on two companies every week: one for the New Third Board and one for the Beijing Stock Exchange. “Including business model, valuation logic, financial indicators, industry conditions, etc.”
CITIC Securities reminds investors that the Beijing Stock Exchange mainly serves innovative small and medium-sized enterprises. Although they have broad room for growth, these companies may be small in scale and tend to have high customer concentration, resulting in a weaker ability to deal with external shock risks. Therefore, when opening the authority of the Beijing Stock Exchange, investors should assess their risk tolerance and make investment choices within the capacity circle.
According to Xinhua News Agency