Shanghai Stock Exchange Praises Securities Dealers, Fund Management Companies

The Shanghai Stock Exchange (SSE) issues a notice to the advanced units for their preparation for the launch of the New Generation Trading System (NGTS). Among the complimentary list are 10 securities companies, including Haitong Securities Co., Ltd. (HTSEC) and Guotai Junan Securities Co., Ltd. (GTJA), and 2 fund management companies, China Asset Management Co., Ltd. (ChinaAMC) and Hua An Fund Management Co., Ltd. (Hua An).

To meet the rapid development of the securities market, the SSE, by introducing the world's advanced concept, has developed the NGTS thanks to years' unassisted innovation. This has laid a technical foundation for further innovation and development of the securities market. In 2006, the SSE started preparing for the launch of the NGTS. In line with the requirements, most of the member units and relevant market participants completed the preparation work including the PBU planning, the MISS deployment and the system testing.

The SSE praised, in the notice, the units with active coordination and outstanding performance in the preparation work for the NGTS. They are HTSEC, GTJA, CITIC Securities Co., Ltd., Ping An Securities Co., Ltd., Orient Securities Co., Ltd., Huatai Securities Co., Ltd., China Galaxy Securities Co. Ltd., BOC International (China) Limited, Industrial Securities Co., Ltd., Yingda Securities Co., Ltd. (the former V-SUN Securities Ltd.), ChinaAMC and Hua An.

According to an SSE official, the member units and relevant market participants are required in the new year to attach great importance to this work from the leadership level by setting the advanced units as models. To ensure a smooth and safe launch of the NGTS, they should organize special teams to cooperate in the relevant work for the launch, including the adjustment and upgrade of technology, business and counter systems.