Core Viewpoint - The stability of information systems in the securities industry is essential for ensuring the safe operation of financial markets, prompting the China Securities Association to seek industry feedback on the "Stability Assurance System Standard for the Securities Industry" [1][2]. Group 1: Background and Purpose - The initiative aims to integrate best practices from securities firms to create a practical stability assurance framework, promoting the digital and standardized development of technical capabilities across the industry [1]. - The project for drafting the standard began in November 2023, with participation from 14 securities firms, including major players like GF Securities and CITIC Securities [1]. Group 2: Current Challenges - There are four main challenges identified: 1. Lack of resilience design in system development, leading to high operational risk prevention costs due to insufficient monitoring and automation capabilities [2]. 2. Predominantly reactive risk perception during operations, lacking proactive data-driven risk identification capabilities [2]. 3. Emergency response relies heavily on individual expert experience, lacking data-driven human-machine collaborative capabilities [2]. 4. Insufficient depth of intelligent technology application, resulting in a gap between abnormal response efficiency and real-time business requirements [2]. Group 3: Proposed Framework - The "Stability Assurance System Standard" proposes a "three-in-one" framework for stability assurance, focusing on organizational, institutional, and process guarantees [3]. - Organizational guarantees include defining the structure, personnel competency requirements, and management objectives [3]. - Institutional guarantees encompass regulations, technical support, operational procedures, and timelines to ensure management requirements are actionable and traceable [3]. - Process guarantees focus on ten core processes related to stability management, including monitoring, alerting, and fault management, with mechanisms for evaluation and key activities [3]. - The standard emphasizes a shift towards proactive operations management to meet non-functional requirements like resilience and maintainability, utilizing digital methods to enhance defense capabilities [3].

Core Viewpoint - The China Securities Association is seeking industry feedback on the draft standard for the stability assurance system of securities industry information systems, aiming to enhance the security and stability of network and information systems in securities firms [1][5]. Group 1: Current Issues in System Stability - The securities market requires high transaction continuity, and any anomalies in trading systems can directly impact investor rights and market order [2]. - The complexity of system architecture has significantly increased due to the widespread adoption of technologies like cloud computing and distributed architecture, making traditional maintenance models inadequate [2]. - Current practices in system stability management include change control, emergency response, and monitoring mechanisms, but the depth of application of technologies like distributed architecture and microservices has led to exponential complexity [2]. - There is a lack of proactive risk detection capabilities, with most risk perception being reactive, which complicates the ability to preemptively address potential issues [2]. Group 2: Proposed "Three-in-One" Assurance System - The draft standard aims to integrate best practices from leading securities firms to provide a practical framework for stability assurance, promoting digital, standardized, and collaborative development across the industry [3][4]. - The standard emphasizes the need for a flexible framework that accommodates the diverse needs of institutions of varying sizes, incorporating advanced technologies like AI and big data into stability management processes [4]. - The "Three-in-One" framework includes organizational assurance, institutional regulations, and process assurance, focusing on key activities and evaluation elements across ten core processes [4]. Group 3: Industry Collaboration and Future Directions - Nearly 20 industry experts contributed to the drafting of the standard, which focuses on enhancing operational resilience and non-functional requirements through digital means [5]. - The standard establishes measurable stability evaluation factors, such as "fault monitoring discovery rate" and "recovery capability target rate," to create a closed-loop improvement mechanism [5]. - The stability of information systems in the securities industry is highlighted as a core foundation for ensuring the safe operation of financial markets, with various policy documents emphasizing the need to strengthen stability assurance capabilities [5].

Core Viewpoint - The China Securities Association has drafted a standard for the stability assurance system of securities industry information systems, addressing the increasing complexity of system architecture due to advanced technologies like distributed architecture and microservices [1] Group 1: Background and Rationale - The current management practices in securities firms have accumulated experience in system stability management, including change control, emergency response, emergency drills, and monitoring alert mechanisms [1] - The traditional passive operation and maintenance model is becoming inadequate to meet business demands due to the exponential increase in system architecture complexity [1] Group 2: Principles and Framework - The drafted standard is based on four principles: compliance, controllability, closed-loop, and data [1] - It proposes a "three-in-one" stability assurance system framework that includes organizational, institutional, and procedural guarantees [1] Group 3: Organizational and Institutional Guarantees - Organizational guarantees specify the structure, personnel capability requirements, and goal management for stability assurance [1] - Institutional guarantees encompass regulations, technical standards, operational procedures, and timelines, forming a closed-loop system to ensure management requirements are actionable and traceable [1] Group 4: Process Guarantees - The process guarantees focus on ten core processes related to stability architecture management, observability management, monitoring alerts, and fault management [1] - Each core process includes mechanism guarantees, key activities, and evaluation elements [1]