How can Shanghai financial institutions ensure normal operation under the epidemic?
CNR Shanghai, April 17 (Headquarters reporter Li Xingjian and Zhou Hong) As an international financial center with the largest concentration of financial factor markets, it is necessary for Shanghai to ensure the efficient and smooth flow of financial "arteries".
Under the epidemic situation, Shanghai financial institutions have taken multiple measures to take into account the prevention and control of the epidemic and the stable operation of the capital market.
How to ensure the smooth and safe operation of the data center during the epidemic prevention and control period?
Will funds, stocks, bonds and other trading links be affected?
Under the impact of the epidemic, the safety of every transaction and the smooth operation of every second are inseparable from the exchange, the core hub of the market.
The Golden Bridge Data Center of the Shanghai Stock Exchange is also the core operation center of the exchange, ensuring the safe operation of the exchange and securities market trading business and technical systems.
According to the staff of Jinqiao Data Center, some employees have been closed for management, and the Shanghai Stock Exchange has adopted measures such as "minimum operating unit" to work in the office to ensure the normal development of securities market transactions.
The staff of the Jinqiao Data Center of the Shanghai Stock Exchange introduced: "We are fully closed and managed. We do nucleic acid every day, and now we will do some antigens (testing). We have now established a minimum operation team, and everything is relatively stable at present. Each department will send some personnel to come here. , the minimum operation team is to ensure the stability of the entire transaction (process)."
Over the past month, the trading operation and technical system security of the Shanghai Stock Exchange have been guaranteed, and various businesses have been carried out in an orderly manner.
Since March 27, the Shanghai Stock Exchange has issued the "Notice on Optimizing Self-Regulatory Supervision Services in Response to the Epidemic and Further Guaranteeing Several Measures for Market Operation", namely "30 Articles of the Shanghai Stock Exchange", to make adjustments and connection arrangements for the development of related businesses during the special period of epidemic prevention and control. .
The "online + offline" model has become one of the highlights of the "Shanghai Stock Exchange 30".
In terms of issuance and listing, since March, the Shanghai Stock Exchange has normally accepted corporate issuance and underwriting plans through the electronic business system, and encouraged companies and lead underwriters to conduct roadshow promotions through the Internet and telephone.
Taking into account the impact of the epidemic, the "30 Rules for the Shanghai Stock Exchange" also clarifies that if issuers and intermediaries are indeed affected by the epidemic and are unable to respond to review inquiries or complete due diligence within the specified time, they can apply to the Shanghai Stock Exchange and obtain the approval of the Shanghai Stock Exchange. Afterwards, the review will be suspended; in the process of project application and response, if it is impossible to make an appointment for on-site communication due to the impact of the epidemic, issuers and intermediaries can apply for online communication and consultation.
Various work processes of public and private funds are also being transferred online.
Tang Guangying, a manager of a private equity fund in Shanghai, told reporters that at present, processes such as new products can be completed online.
Tang Guangying said: "We now issue new products through online distribution, and the degree of electronicization is relatively high. In the past, paper was required, but now it is electronic, even if the customer is not on site. We can complete it. This is still beneficial. For our entire informatization, including some paperless procedures, it is relatively mature."
According to Tang Guangying, for the vast majority of fund managers, their daily work revolves around research, communication and desk research, and transactions account for a small proportion.
As far as research and communication are concerned, at present, whether it is the annual report exchange of listed companies or the dynamic interpretation of the industry, it can be completed through the form of teleconference.
Tang Guangying said: "There is basically no impact on investment research, because investment research mainly does some desk research, some research, and some industry research and analysis, and many things can be moved online. For example, our investment research department , and now conduct research in the form of online conference calls. The latest quarterly report was also a period of intensive disclosure, and many listed companies, including securities companies, also organized some quarterly report exchanges, so it has little impact on our understanding of listed companies and research desk work. "
The area where the fund company is located has entered a state of closure and the fund manager is isolated at home. Will there be a situation where the fund cannot trade normally?
Tang Guangying introduced that since mid-March, according to the development of the epidemic, the company has launched the emergency plan of "employees working from home and on-site support for necessary positions", and has carried out in advance on investment transactions, fund operations, risk control, information security and other aspects. Test drills to ensure the normal operation of the trading system during the epidemic.
Tang Guangying said: "What may have a relatively little impact is the transaction level. At the beginning of the outbreak, the company conducted some drills on transactions, and the company also prepared some computers for traders in an emergency, and did a good job of remote transaction testing to ensure that We have been able to trade normally during the pandemic. There may be some remote means of trading.”
Tang Guangying said that different fund managers adopt different strategies. If it is high-frequency trading, remote operation may have a certain impact on the transaction, but the impact is relatively limited.
“Because we do this trading strategy, the frequency may not be very high, the number of transactions in a day may be very small, and sometimes there may be no transactions in a day, which may not affect these institutions that (transactions) are not very frequent. Big. But for funds that do some high-frequency trading, it may be affected a little." Tang Guangying said.
As an international financial center, Shanghai has gathered a lot of financial infrastructure, and most of these institutions choose to put their main data centers in Shanghai.
How to ensure the smooth and safe operation of the data center during the epidemic prevention and control period?
After being sealed and managed, who will take over the data transmission?
Cao Guangzhi, general manager of the Information Technology Department of Bank of Shanghai, said in an interview with the media that Bank of Shanghai has two main data centers, one of which is a data center with disaster recovery functions, and the core personnel of the two centers are completely spatially isolated.
Even in extreme cases, the two centers are all closed and personnel emptied, and financial institutions such as banks also reserve remote disaster recovery centers for data.
All major financial institutions in Shanghai have basically completed the configuration of computer rooms in two places and three centers.
Cao Guangzhi introduced: "These two centers serve at the same time, (if) there is a problem with one center, the other center will take over. (When both centers are closed and controlled,) If there is a problem with unmanned operation, the most catastrophic operation will start. level, we will switch to Shenzhen (center), and the switch will be completed within an hour.”
In order to reduce the impact of epidemic prevention and control on the operation of the national carbon market and the work of the Shanghai trading market, Shanghai Environment and Energy Exchange responded quickly, and promptly arranged and deployed a work plan that combined on-duty shifts and home office during the epidemic prevention and control period to ensure that the country and the The normal and stable development of Shanghai trading business.
Another example is the Shanghai Gold Exchange, under which Shanghai gold, Shanghai silver and other Shanghai prices are important benchmark prices for the spot market.
While doing a good job in the prevention and control of the epidemic, Shanghai Gold Exchange has taken multiple measures. For business-related positions, Shanghai Gold Exchange reasonably arranges shifts of employees, and sets up mechanisms such as backup for multiple people in one position to ensure the flexibility of personnel; for key business positions, formulate " Minimize the list of operation and maintenance and support personnel” emergency team, and team members are stationed in Shanghai Gold Exchange 7*24 hours.
Zeng Hui, vice president of the Shanghai Gold Exchange, said that the Shanghai Gold Exchange has deployed multiple backup control centers and built remote disaster recovery centers to ensure the normal operation of the system and ensure that financial services "do not drop" during the epidemic.