New regulations on the securities trading settlement system require pressure testing at least once a year.

The Securities Association is soliciting opinions on the newly drafted "Guidelines for Stress Testing of Securities Firm Trading and Settlement Systems" in order to enhance the reliability of the securities industry trading and settlement systems. The Securities Association mentioned that the rapid increase in trading volume in the securities market has led to frequent problems with insufficient performance of brokerage trading systems, and the industry urgently needs to effectively enhance its performance capacity management capabilities in order to respond to the impacts of market fluctuations. The "Guidelines" stipulate that brokerages should promptly identify existing problems and potential risks in system performance and take effective measures to quickly address them. Brokerages should conduct stress tests on their systems at least once a year. The Securities Association will also assess and inspect the implementation of these guidelines, and for those who do not meet the management requirements, corresponding self-regulatory measures or disciplinary actions will be taken based on the severity of the situation.