Core Viewpoint - The China Securities Association (CSA) is developing a new standard aimed at enhancing the stability of information systems within the securities industry, seeking feedback from major brokerages [1] Group 1: Industry Pain Points - The securities market requires high transaction continuity, and any anomalies in trading systems can directly impact investor rights and market order [2] - The industry faces four key pain points: 1. Lack of resilience design in system development, leading to high operational risk prevention costs [2] 2. Predominantly reactive risk perception during operations, lacking proactive data-driven risk detection capabilities [2] 3. Emergency response relies on individual expert experience, lacking data-driven human-machine collaborative command capabilities [2] 4. Insufficient application of intelligent technologies, resulting in a gap between abnormal response efficiency and business real-time requirements [2] Group 2: Capacity Optimization - The CSA's new standard emphasizes the need for capacity optimization in response to increased trading volumes, which can lead to system outages [3] - Key points for capacity optimization include: 1. Establishing clear optimization requirements and strategies [3] 2. Optimizing system deployment and performance parameters [3] 3. Employing horizontal and vertical expansion strategies to enhance system performance [3] 4. Regularly evaluating the effectiveness of capacity optimization strategies [3] 5. Adjusting optimization plans based on business needs and technological developments [3] Group 3: Stability Assurance Framework - The new standard proposes a "three-in-one" stability assurance framework, which includes organizational, institutional, and process guarantees [4] - Specifics of the framework include: 1. Organizational assurance defines the structure and capability requirements for stability management [4] 2. Institutional assurance encompasses regulations, technical standards, and operational procedures to ensure traceability [4] 3. Process assurance focuses on ten core processes related to stability management, including monitoring and fault management [4] - The standard aims to promote proactive defense capabilities and establish measurable stability evaluation factors, creating a closed-loop improvement mechanism through regular assessments [4]

作为一项新的运维规范，《标准》与 其他运维 标准 具有明显 差异。 比如 在编写过程中有 接近20 家 同业专家参与编写，引导行业 通过 数字化手段重塑现有运维保障场景。同时，建 立可度量的稳定性评价要素，如"故障监控发现率""自动化发布率""恢复能力达标率"等量化 指标，并形成闭环改进机制。 行业存在四大关键痛点 证券市场交易连续性要求高，集中交易、手机证券、投资交易等交易系统若出现异常，将直 接影响投资者权益与市场秩序。 【导读】中证协拟制定新标准，提升证券行业信息系统稳定性 见习记者 舍梨 记者近日获悉， 中国证券业协会（以下简称中证协）制定了《证券行业信息系统稳定性保障 体系标准》（以下简称《标准》），正在向各大券商征求意见。 中证协 表示， 经过多年实践，券商在系统稳定性管理方面已积累一定实践经验，如建立变更 管控、故障应急、应急演练、监控告警机制等，但随着分布式架构、微服务等技术的深度应 用，系统架构复杂度呈指数级提升，传统被动运维模式已难以适应业务需求， 亟需建立 主动 的、数智化的稳定性保障体系。 中证协指出，当前行业存在四大痛点：一是稳定性保障未将架构韧性设计嵌入系统开发阶 段，且系统可运维 ...

Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on August 6, with a fixed rate and quantity tendering, amounting to 138.5 billion yuan at an interest rate of 1.40%, with the same amount being awarded [1] - On the same day, 309 billion yuan in reverse repos matured, resulting in a net withdrawal of 170.5 billion yuan [1] Funding Conditions - Continuous net withdrawals by the central bank do not hinder the loose funding conditions in the interbank market, with the overnight repo weighted average rate (DR001) slightly rising but remaining around the low point of 1.31% [3] - The latest overnight financing rate in the U.S. is 4.33% [3] Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is at 1.63%, showing a slight decrease from the previous day [7] Government Bond Futures - The 30-year main contract fell by 0.04%, while the 10-year main contract remained flat; the 5-year and 2-year main contracts both increased by 0.02% [13] Industry News - A new standard aimed at ensuring the stable operation of information systems in the securities industry is being solicited for opinions, which will provide authoritative guidance for brokerages [14] - Inner Mongolia has announced its exit from the list of key debt provinces, which may serve as a demonstration effect for other provinces, potentially improving local financing conditions [14] Global Macro - The U.S. Treasury will auction 100 billion dollars in four-week Treasury bills, marking a record single auction size, reflecting significant financing needs [16] - The Indian central bank maintained the reverse repo rate at 3.35% and raised the cash reserve ratio to 4% from 3% [16] Bond Market Developments - Year-to-date, securities firms have issued nearly 770 billion yuan in bonds, a year-on-year increase of over 32% [18] - Jiangsu Province has been allocated a new local government debt limit of 280.1 billion yuan for 2025 [18] - Gansu Bank plans to sell a low-yield asset package worth 15.3 billion yuan to Gansu Asset Management [18] - ZTE Corporation has completed the issuance of 3.584 billion yuan in zero-coupon convertible bonds [18]