Expert advice, the shortest in the world! The topic of appropriately extending trading time attracts attention, with confidence in A-share trading time | Trading | Global

Release time:Apr 15, 2024 07:23 AM

Recently, a person in charge of the China Securities Regulatory Commission (CSRC) responded to a reporter's question on revitalizing the capital market and boosting investor confidence, stating that "studying the appropriate extension of trading hours in the A-share market and exchange bond market can better meet investment and trading needs." As one of the important measures to optimize and improve trading mechanisms and enhance trading convenience, extending trading hours has a positive significance for revitalizing the capital market, which is conducive to improving market pricing efficiency and attracting international investors to participate in the A-share market. Tian Xuan, Vice Dean of the School of Finance at Wudaokou, Tsinghua University, told Securities Daily that extending trading hours is beneficial for enhancing the attractiveness of A-shares to global investors. From the perspective of trading hours in major global securities trading markets, A-shares currently have the shortest trading time, totaling 4 hours. The UK, France, and Germany have the longest daily securities trading hours, reaching 8.5 hours; The daily trading hours of the New York Stock Exchange in the United States are 6.5 hours; The trading duration of the Hong Kong Stock Exchange is 5.5 hours. Lu Zhe, Chief Economist of Debon Securities, stated that currently, the trading time of A-shares is indeed relatively short, and the trading needs of some investors have not been fully met under the current framework. Covering more trading periods is beneficial for international investors to participate in the Chinese capital market. "With the increasing capacity of the A-share market and higher daily trading volume, extending trading hours is beneficial for reducing market volatility. For some investors, extending trading hours is more conducive to scientific decision-making and responding to changes in the external market." Zhou Jianhua, a strategic analyst at Zhongyuan Securities, told Securities Daily. In Tian Xuan's view, insufficient trading time will affect market pricing efficiency. Meanwhile, if the non trading period is too long, it may amplify the risk of overnight trading, leading to increased volatility in the stock market. At present, the trading duration of A-shares is clearly insufficient to support the daily trading volume demand of over trillions of yuan in the market, increasing the risk of abnormal fluctuations in the stock market. However, on social media platforms, some investors believe that extending the trading hours of the stock market will also result in longer "loss periods" for investors. In response, Zhou Jianhua said: "The extension of trading time only provides investors with more time to make decisions and trade, and the right and wrong investment decisions are the key to affecting profits and losses." "In fact, the information asymmetry caused by the lack of trading time will increase the transaction costs and risks of small and medium-sized investors." Tian Xuan said, taking the Hong Kong stock market as an example, the current daily trading time of Hong Kong stocks is 5.5 hours, one and a half hours more than A-shares. The one and a half hour trading time difference can easily lead to information asymmetry, invisibly increasing the trading information cost and risk for A-share market investors, especially small and medium-sized investors. Regarding the adjustment of trading time, Tian Xuan believes that the institutional arrangements of mature capital markets cannot be simply and roughly copied. It is recommended to synchronize with the Hong Kong stock market while ensuring that the trading order in the capital market is basically controllable. Zhou Jianhua holds a similar view, stating, "Due to the current interconnection between the A-share and Hong Kong stock markets, continuous trading time synchronization can be initially achieved. After the timing is ripe, post market trading will gradually be realized."


Expert advice, the shortest in the world! The topic of appropriately extending trading time attracts attention, with confidence in A-share trading time | Trading | Global
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【