New system for major transactions! 1.13 million odd-lot owners were affected. The Financial Supervisory Commission held its annual year-end press conference today (30th). Zhang Zhenshan of the Securities and Futures Bureau reported that China has shortened the intraday matching time for odd lots, from 3 minutes to 1 minute. As of the end of last year, the daily average value of odd lots in the day was It was 2.394 billion yuan, a 33% increase in transaction volume compared with before the reduction. He officially announced today that matching will be further shortened to five seconds before the end of this year (2024), which will help make odd-lot trading more efficient and further increase transaction volume.
1.13 million odd-lot owners look over! Securities and Futures Director Zhang Zhenshan: The odd-lot matching will be shortened to 5 seconds at the end of the year.File photo: Central News Agency
The Securities and Futures Bureau said that China has shortened the matching interval of intraday odd lot transactions from 3 minutes to 1 minute since December 19, 2011, and will also reduce the disclosure interval of intraday odd lot trial market information from 27 November 2020 to 1 minute. 10 seconds reduced to 5 seconds. Provide investors with more timely and sufficient information. Zhang Zhenshan further announced today that the time for odd lot matching will be further shortened from the current 1 minute to 5 seconds, and it can be on the road before the end of the year at the earliest.
Trading volume has increased nearly 8 times since intraday odd-lot trading
According to statistics, from the introduction of the intraday odd lot system in October 2019 to the end of December 2020, the average daily trading value of listed odd lot units was 1.992 billion yuan, which was an increase of approximately 7.9 times compared with the daily average trading volume of 223 million yuan before the implementation of the intraday odd lot system. So many. The number of listed odd-lot trading accounts also increased from 320,000 to 1.13 million, an annual increase of 25%. The proportion of people under 30 years old has also increased from 21% to nearly 28%, indicating that the rate of young people investing in the capital market has increased significantly.
Odd lot matching was reduced from 3 minutes to 1 minute, and the daily average value increased by 30% to 40%
As for changes in shortening the matching time, the matching time for odd lots in intraday trading was shortened to 1 minute from December 19 to the end of December. The daily average value of odd lots in the listed market was 2.394 billion yuan (accounting for 0.86%). During the 3-minute matching period, from October 26, 2019 to December 16, 2011, the daily average value of odd lots in the listed market was 1.803 billion yuan. , the daily average value and proportion increased by 33% and 46% respectively.
As the interval between intraday odd-lot matching is further shortened, the Financial Supervisory Commission expects that it will promote intraday odd-lot liquidity, improve the convenience of intraday odd-lot trading, and create a high-quality investment environment for inclusive finance. The Financial Supervisory Authority will continue to supervise stock exchanges and over-the-counter trading centers to strengthen publicity to securities dealers and investors and remind them to pay attention to investment-related risks.
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Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-01-30 09:45:12
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