The Shanghai Stock Exchange (SSE) launched a network-wide test on Sunday, a non-trading day, to brace for the possible pressure of continuous surge in stock-trading volume.
Over the past week, Chinese stocks rallied after a slew of policies introduced by the government to prop up the economy.
By the close of trading on Friday, September 27, the Shanghai Composite Index increased by 2.88 percent, ending at 3,087.53 points.
On Sunday, the SSE organized financial institutions to conduct tests on platforms for bidding, comprehensive business, and others to verify the accuracy and stability of the trading system.
According to the test plan of the SSE, transactions and clearing for one trading day were simulated. This aimed to verify that the bidding platform would run smoothly when a large number of orders were declared during a continuous bidding period.
The test subjects mainly involve financial institutions such as securities firms and public funds, and was not open to ordinary shareholders.
The entire test ran from 09:15 to 14:00. All the test data was based on that obtained after the market closed on Friday, involving stocks, funds, block transactions, ETF subscriptions, and redemptions to ensure the completion of the test.
Up to date, all tests of the SSE have ended, and the bidding trading system has received a total of 270 million orders, which is twice the historical peak and three times the number declared on Friday. The test results showed that the overall system performance was normal and in line with expectations.
Shanghai Stock Exchange conducts pressure test to ensure smooth trading
Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.
Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.
More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.
Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.
"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.
During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.
"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.
In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.
With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.
"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.
Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition
