The Shanghai Stock Exchange (SSE) launched a network-wide test on Sunday, a non-trading day, to brace for the possible pressure of continuous surge in stock-trading volume.
Over the past week, Chinese stocks rallied after a slew of policies introduced by the government to prop up the economy.
By the close of trading on Friday, September 27, the Shanghai Composite Index increased by 2.88 percent, ending at 3,087.53 points.
On Sunday, the SSE organized financial institutions to conduct tests on platforms for bidding, comprehensive business, and others to verify the accuracy and stability of the trading system.
According to the test plan of the SSE, transactions and clearing for one trading day were simulated. This aimed to verify that the bidding platform would run smoothly when a large number of orders were declared during a continuous bidding period.
The test subjects mainly involve financial institutions such as securities firms and public funds, and was not open to ordinary shareholders.
The entire test ran from 09:15 to 14:00. All the test data was based on that obtained after the market closed on Friday, involving stocks, funds, block transactions, ETF subscriptions, and redemptions to ensure the completion of the test.
Up to date, all tests of the SSE have ended, and the bidding trading system has received a total of 270 million orders, which is twice the historical peak and three times the number declared on Friday. The test results showed that the overall system performance was normal and in line with expectations.
Shanghai Stock Exchange conducts pressure test to ensure smooth trading
China's foreign exchange reserves totaled 3.4278 trillion U.S. dollars at the end of February 2026, marking an increase of 28.7 billion dollars, or 0.85 percent, from the end of January, according to official data released on Saturday.
The State Administration of Foreign Exchange noted that the U.S. dollar index increased in February, while prices of major global financial assets saw mixed movements, influenced by macroeconomic data, monetary policies, and market expectations in major economies.
The combined effects of exchange rate conversion and changes in asset prices contributed to the increase in China's foreign exchange reserves during the month, the administration said.
China's economy registered steady and improving performance, with new and higher-quality development momentum, the administration noted. The supporting conditions and underlying trend for the long-term sound development of the Chinese economy remain unchanged, providing solid support in the quest to keep the scale of foreign exchange reserves basically stable, it added.
"At the end of February, China's foreign exchange reserves exceeded 3.4 trillion dollars for the first time in nearly ten years, marking the seventh consecutive month of month-on-month growth. We believe the increase in forex reserves, on one hand, confirms that China's long-term positive macroeconomic trend has laid a solid foundation for the overall balance of payments; on the other hand, it also demonstrates that the risk-hedging capabilities of China's reserve assets' are continuously enhancing amid rising volatility in global financial asset prices," said Li Liuyang, chief forex analyst of China International Capital Corporation's research department.
China's foreign exchange reserves rise in February
