On February 1, the Shanghai and Shenzhen North Stock Exchanges announced the 2024 Spring Festival closure arrangement.
According to the arrangement, the market will be closed from February 9 (Friday) to February 17 (Saturday), and the market will be open as usual from February 19 (Monday). In addition, the market will be closed on February 4 (Sunday, January 18th). The liquidation will be carried out in accordance with the arrangement of China ** Depository and Clearing Co., Ltd.
The market is closed on Chinese New Year's Eve.
Previously, the General Office of the Communist Party of China issued the "Notice on Doing a Good Job in the Spring Festival on New Year's Day in 2024", and there will be a holiday from February 10 to February 17 during the Spring Festival. Subsequently, the market paid more attention to whether the market was closed on Chinese New Year's Eve.
On December 26, the Shanghai and Shenzhen North Stock Exchange announced the closure arrangement for some holidays in 2024, and the market will be closed on Chinese New Year's Eve. The market will be closed from Friday, February 9 to Saturday, February 17, and will be open as usual from Monday, February 19. In addition, the market will be closed on February 4 (Sunday, January 18th).
The person in charge of the relevant department of the China Securities Regulatory Commission said that the China Securities Regulatory Commission organized ** exchange, ** exchange, China Clearing, etc. to do special research and formulate arrangements for the annual market closure in 2024, especially clarifying the market closure on Chinese New Year's Eve. The above-mentioned person in charge said that the holiday arrangements in 2024 are relatively special. After comprehensive assessment, the specific arrangements for the market closure during the Spring Festival in 2024 are to be closed from February 9 (Friday) to February 18 (Sunday), and the market will open normally on February 19 (Monday). On February 9, **bonds, ** and other markets were closed simultaneously.
Speaking of the above consideration arrangements, the above-mentioned person in charge said that first of all, it is in line with the policy orientation of encouraging Chinese New Year's Eve holidays. The General Office of the Communist Party of China and the General Office of the Communist Party of China issued the Notice on Doing a Good Job during the New Year's Day and Spring Festival in 2024, encouraging all units to combine the implementation of paid annual leave and other systems to arrange for employees to rest on Chinese New Year's Eve.
Secondly, it is close to the trading habits of investors. Investors have formed a habit of not opening the market on Chinese New Year's Eve, and from the actual situation in the past years, among the 12 Spring Festival holidays from 2012 to 2023, Chinese New Year's Eve appeared from Monday to Friday, a total of 8 times, of which 7 were closed, and only the 2014 Chinese New Year's Eve was not closed. From the perspective of market operation data, investors are generally not willing to trade on Chinese New Year's Eve, and on Chinese New Year's Eve in 2014, the turnover amount and the number of participating trading accounts in Shanghai and Shenzhen have decreased significantly compared with before, and investors are accustomed to closing the market on Chinese New Year's Eve.
In addition, respond to the market's demand. Judging from the preliminary research, the market generally tends to be closed, especially individual investors generally hope to be able to close the market and reunite with their families on Chinese New Year's Eve. At the same time, ** business institutions need to complete daily operations such as data processing, clearing, settlement, and system maintenance after the market is closed, and industry institutions generally hope that the market can be closed on Chinese New Year's Eve.
The 2024 holiday closure arrangements have been released.
Regarding the market closure arrangement for some holidays in 2024, except for the Spring Festival period, according to the announcement of the Shanghai and Shenzhen North Stock Exchanges, the market will be closed from December 30, 2023 (Saturday) to January 1, 2024 (Monday) during the New Year's Day period, and the market will open as usual from January 2 (Tuesday).
During the Ching Ming Festival, the market will be closed from April 4 (Thursday) to April 6 (Saturday), and the market will be open as usual from April 8 (Monday). In addition, the market will be closed on Sunday, April 7.
During Labor Day, the market will be closed from May 1 (Wednesday) to May 5 (Sunday), and will be open as usual from May 6 (Monday). In addition, the market will be closed on April 28 (Sunday, January 11 (Saturday).
During the Dragon Boat Festival, the market will be closed on June 10 (Monday) and will open as usual from June 11 (Tuesday). During the Mid-Autumn Festival, the market will be closed from September 15 (Sunday) to September 17 (Tuesday), and will be open as usual from September 18 (Wednesday). The market will be closed on Saturday, September 14.
During the National Day holiday, the market will be closed from October 1 (Tuesday) to October 7 (Monday), and will be open as usual from October 8 (Tuesday). In addition, the market will be closed on September 29 (Sunday, Saturday, January 12).
*: China** newspaper WeChat.
*: China Economic Net.