China Fund News reporter Chenxi
"Cow back to speed!" This weekend, individual investors and institutions alike are gearing up for tomorrow's market opening. Investors who do not yet have a securities account or want to change to a "more reliable" brokerage are quickly looking for ways to open an account, hoping to keep up with the pace of market funds.
The reporter learned that China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as China Clearing) issued a message to brokerages that the number of brokerage account openings has grown rapidly recently, and considering the greater pressure on brokerage account opening review, it will be temporarily opened today 2024/09/29 (Sunday) to provide production services.
Although September 29 is a working day for the holiday, the Shanghai, Shenzhen and Beijing stock exchanges are closed due to the weekend closure. Traditionally, ChinaClear's working hours are the same as those of the exchange. In this regard, a senior brokerage practitioner joked, "Not only the Shanghai Stock Exchange, but also Zhongdeng has worked hard." ”
In a warm atmosphere, the brokerage business departments of various brokerages also started their full capacity to provide investors with account opening services. The person in charge of the brokerage business of a brokerage company provided the company notice to the reporter: Zhongdeng company is temporarily open to provide production services today, and our company plans to arrange online account opening review today, due to the fact that the bank environment cannot provide production services on the weekend, our company only requires online account opening review today.
So, opening a temporary account today (September 29), can you catch up with tomorrow's trading? As an investor, the reporter consulted the relevant personnel of a large brokerage channel on a social platform, and said that he could operate the account opening process and get the fund account tomorrow. If you have opened another brokerage account before, you will have time to trade tomorrow if you add an account. If you are a new account, you need to wait until after the National Day to trade.
Some brokerage operators told reporters that if they have opened a stock account before, they can trade on the same day as they attach the old shareholder card. Similarly, if it is the first time to open a new account, you will need to wait until after the National Day before you can trade.
On September 27, ChinaClear issued a notice on its official website showing that during the 2024 National Day, the unified account platform and identity information verification system will suspend external services throughout the day from October 1 to October 6, 2024, and resume from October 7. The company's official website and online business system, ChinaClear APP system, fund E account APP system and CA certificate system will be suspended from 8:00 on October 1 and resumed from 8:00 on October 7.
Although you may miss tomorrow's market, it is also urgent to enter the market as soon as possible after the holiday. As the number of inquiries soared, the battle for customers began.
It is reported that recently, a number of brokerages have launched new customer benefits to solicit customers online, including VIP exclusive commissions, LEVEL-2 ten-level quotes, exclusive financial management purchase rights, investment courses, etc. An investment consultant told reporters, "New customer wealth management is to open an account today, and you can buy it tomorrow; Shanghai stocks will be slower, and it will be too late tomorrow. ”
With a stock account, what else can you do besides trading stocks? It is reported that in addition to stock trading, investors can also carry out margin financial management, reverse repurchase of treasury bonds, income certificates, on-site funds, new shares and new bonds subscription and other trading activities. In addition, in order to enhance customer activity, brokerages will also launch relevant activities in the APP, from which investors can also get some small benefits.
Also on September 29, the Shanghai Stock Exchange organized and carried out bids, comprehensive industry and other platform-related business tests to escort the market in advance.
It is reported that the Shanghai Stock Exchange invites all market participants to participate in the test, mainly to verify the accuracy of the relevant technology platform business and technical adjustments. The content of the test is to test and simulate the trading and clearing of one trading day, and the test mainly mainly verifies that when a large number of orders are declared in a centralized manner during the continuous auction period, the business processing of the bidding platform runs smoothly.
The latest news is that the Shanghai Stock Exchange's test today has ended, and the auction trading system has received a total of 270 million orders, which is twice the historical peak and 3 times that of last Friday (September 27). The overall performance of the system is normal and in line with expectations.
In addition, a brokerage firm has recently received a notice that Shanghai Stock Exchange Technology Co., Ltd. has decided to temporarily waive the transaction gateway flow rate fee from January 22 to November 30, 2024, and the specific time of subsequent collection will be notified separately. This move is intended to "reduce the burden" on the market and further reduce market costs.
The warm atmosphere of the weekend continues to rise, how will the market go in the future? Guotai Junan's strategy team believes that after the short-term rally, the optimistic expectation of policy will still push the stock market higher; Referring to the market height of the change in policy attitude in 2019, the valuation of the Shanghai Stock Exchange still has some room for upside. Heavyweight stocks are filling in the valuation depression, and after the transaction is amplified, the weights will take the stage to grow and sing, and the excess returns will turn to growth stocks.
At the same time, Guotai Junan's strategy team also mentioned that the market also needs to "think coldly". Under the requirements of the great power game and domestic transformation, the direction of economic policy, fiscal discipline and financial supervision may be very different from historical experience, and more "long-term mechanisms" are concentrated. Therefore, it is judged that the stock market will rise first and then rotate, first blue chips and then grow, and the market will be decided at the end of the year to see whether the actual policy can promote the expected upward revision.
Editor: Xiao Mo
Review: Xu Wen