Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Notice on Doing a Good Job in Relevant Work During the Spring Festival on New Year's Day in 2024", and there will be a holiday from February 10 to February 17 during the Spring Festival. Regarding whether the market will be closed on Chinese New Year's Eve, the market has paid more attention to the discussion.
According to the 2024 holiday closure arrangement released by the three stock exchanges in Shanghai and Shenzhen on December 26, the market will be closed on February 9 (Chinese New Year's Eve).
The person in charge of the relevant department of the China Securities Regulatory Commission said that the China Securities Regulatory Commission organized stock exchanges, futures exchanges, China Clearing, etc. to do special research and formulate market closure arrangements for the whole year of 2024, especially clarifying that the market will be closed on Chinese New Year's Eve.
The above-mentioned person in charge said that the holiday arrangements in 2024 are relatively special. After comprehensive assessment, the specific arrangement for the market closure during the Spring Festival next year is to close the market from February 9 (Friday) to February 18 (Sunday), and open normally on February 19 (Monday). On February 9, stocks, bonds, futures and other markets were closed simultaneously.
Speaking of the above consideration arrangements, the above-mentioned person in charge said that first, it is in line with the policy orientation of encouraging Chinese New Year's Eve holidays. The General Office of the CPC Central Committee and the General Office of the State Council issued the Notice on Doing a Good Job in Relevant Work during the New Year's Day and Spring Festival in 2024, encouraging all units to implement paid annual leave and other systems to arrange employees to rest on Chinese New Year's Eve.
The second is to be close to investors' trading Xi. Investors have formed a Xi Xi not to open the market, from the actual situation in the past years, from 2012 to 2023 12 Spring Festival holidays, Chinese New Year's Eve appeared Monday to Friday, a total of 8 times, of which 7 were holidays, only 2014 Chinese New Year's Eve did not close. Judging from the market operation data, investors' willingness to trade on Chinese New Year's Eve is generally not high, and on Chinese New Year's Eve in 2014, the transaction amount of Shanghai and Shenzhen markets and the number of accounts participating in transactions have decreased significantly compared with before, and investors are Xi used to closing the market on Chinese New Year's Eve.
The third is to comply with the voice of the market. Judging from the preliminary research, all aspects of the market generally tend to be closed, especially individual investors generally hope to be able to close the market and reunite with their families on Chinese New Year's Eve. At the same time, securities and futures operating institutions also need to complete daily operations such as data processing, clearing, settlement, and system maintenance after the market is closed, and industry institutions generally hope that the market can be closed on Chinese New Year's Eve.
Subsequently, securities and futures operating institutions need to adjust the trading calendar accordingly in the technical system, and the China Securities Regulatory Commission will also organize the exchange to do a good job in relevant business and technical connection to ensure the safe and stable operation of the institutional market.
Transferred from: China Securities Journal WeChat
Source: China Economic Net