--- title: "Funds rushing in! ICBC Securities Transfer Net Value Index hits a new high since 2021! Brokerage IT Department: May have to work overtime during the National Day holiday" description: "Recently, the A-share market has shown strong performance, with a significant increase in individual investor participation. According to data from Industrial and Commercial Bank of China (ICBC), the " type: "news" locale: "en" url: "https://longbridge.com/en/news/215514086.md" published_at: "2024-09-29T08:14:14.000Z" --- # Funds rushing in! ICBC Securities Transfer Net Value Index hits a new high since 2021! Brokerage IT Department: May have to work overtime during the National Day holiday > Recently, the A-share market has shown strong performance, with a significant increase in individual investor participation. According to data from Industrial and Commercial Bank of China (ICBC), the net value index of bank-securities transfers on September 27 reached 7.04, hitting a new high since 2021, indicating a large influx of funds into the market. Despite the continued market heat, there is still a significant amount of off-market funds that have not entered, suggesting potential upside in the future. At the same time, there have been trading abnormalities on the Shanghai Stock Exchange, leading to some stocks being blocked from trading The A-share market has been rising for consecutive days, activating market sentiment. Under a series of heavyweight policies, this week (September 23 to September 27), the stock market saw a significant rally, with related stock indexes hitting multiple historical records, igniting investors' enthusiasm and attracting a large amount of funds into the market. According to data from Industrial and Commercial Bank of China (ICBC), the net value of investor bank-securities transfer funds on September 27 (referred to as the "ICBC Bank-Securities Transfer Net Value Index") soared to 7.04, significantly higher than the previous 4 trading days of 0.66, 2.15, 1.4, 4.4, with a weekly average of 3.13, reaching a new high in the past three and a half years since 2021. The ICBC Bank-Securities Transfer Net Value Index is defined as the ratio of the net transfer of funds from ICBC accounts to the securities market on the corresponding trading day to the daily average amount of net transfer of funds to the securities market from ICBC accounts in 2017, reflecting intuitively the situation of the net transfer of funds to the securities market by all ICBC investors on the trading day. From a structural data perspective, the participation of individual investors is particularly prominent. Data shows that from September 23 to September 27, the ICBC individual investor bank-securities transfer net value index remained positive, with a peak of 5.2 on September 27, which is 2.83 times that of the ICBC institutional investor bank-securities transfer net value index, highlighting the enthusiasm of individual investors for the current market surge. Industry insiders point out that despite the recent market heat, there is still a large amount of off-market funds yet to enter, indicating that there may still be room for further upside in the market. Earlier on September 27, after the market opened, the Shanghai Stock Exchange experienced a slow confirmation of transactions in the stock auction trading, which affected trading. The exchange gradually resumed stock auction trading starting from 11:13. The Shanghai Stock Exchange announced late on September 27 that they deeply apologized for the occurrence of this abnormal situation. Many A-share investors have reported that some stocks on the Shanghai Stock Exchange still cannot be traded or canceled after placing orders. On September 28, investors continued to report that they saw "delayed transactions" on their brokerage trading systems. According to feedback from investor Mr. Wang in the Shanghai area, "I noticed a strange situation. On the 27th, I placed several trades during trading hours, some were stocks, some were ETFs, all of which were listed on the Shanghai Stock Exchange. I refreshed several times during the day, and the brokerage system showed no transactions. I thought it might be due to an exchange malfunction that prevented transactions that day." "However, I now see from the settlement statement that most of these orders on the 27th have been executed. However, according to the brokerage system's order records, these orders are still in an unexecuted state," Mr. Wang said. In addition, on some social platforms, reporters from "National Business Daily" also saw investors expressing similar situations as described above On this unusual phenomenon, an IT professional from a securities firm analyzed, "This should be the exchange's transaction report delayed to the securities firm after trading hours on the 27th, so investors cannot see the transactions during trading hours. In the evening, after the securities firm clears the actual transaction data from the exchange, investors can see it." Due to the above situation, the IT (Information Technology) department of securities firms was busy on the 28th and 29th. An IT professional from a securities firm in central China told a reporter from "Daily Economic News" that they have noticed these issues and are currently working overtime to address them. According to a report from Yicai, the Shanghai Stock Exchange is scheduled to conduct bidding and other platform-related business tests on September 29th (Sunday). At three time points: 9:30, 10:00, and 10:35, pre-embedded orders will be sent to the bidding platform. All market participants are invited to participate in the test to mainly verify the accuracy of related technical platform business and technical adjustments. According to the Shanghai Stock Exchange's notice, the test content includes simulating trading and clearing for one trading day, with a focus on verifying the smooth operation of the bidding platform business when a large number of orders are concentrated during the continuous bidding period. Upon learning about the business test conducted by the Shanghai Stock Exchange, the aforementioned IT professional from a securities firm responded, "We're used to it. Eighty percent of our weekends throughout the year are spent working overtime to cooperate with various tests." The IT department professional from the securities firm in central China mentioned, "We will have to work overtime during the National Day holiday. After the National Day holiday, on the first trading day, the trading volume might reach a new high again." ### Related Stocks - [601398.CN - ICBC](https://longbridge.com/en/quote/601398.CN.md) - [01398.HK - ICBC](https://longbridge.com/en/quote/01398.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 香港西九龍藝術中心獲得了 30 億港元的 10 年期貸款額度 | 香港西九龍文化區管理局已從工商銀行（亞洲）獲得 30 億港元的 10 年期貸款，以應對資金挑戰。這項融資與 10 億美元的債券發行計劃相輔相成，旨在支持該管理局，直到其住宅物業開發在 2027 年開始產生收入。該管理局近年來面臨運營赤字，並 | [Link](https://longbridge.com/en/news/275930491.md) | | 工行農行傳獲中央注資 高盛料削弱最多 7% 每股盈利 或盡量維持派息 | 中央財政部計劃向工商銀行和農業銀行注資，以補充核心一級資本。高盛預計此舉可能導致每股盈利攤薄 4% 至 7%，但也將提升銀行的資本比率。分析認為，注資將有助於銀行維持增長和派息，預計工行和農行的派息比率將提升 1.2 至 2.3 個百分點。 | [Link](https://longbridge.com/en/news/274499743.md) | | Keeta 與中國工商銀行（亞洲）簽署戰略合作協議 促進創新企業服務生態 或會發行聯名信用卡 | Keeta 與中國工商銀行（亞洲）籤署戰略合作協議，旨在結合雙方在本地生活服務與金融資源的優勢，推動本地經濟發展。Keeta 將利用其數位化服務能力，提供一站式企業服務，涵蓋企業餐飲津貼和福利發放等。未來合作將包括個人金融服務、數字金融及聯 | [Link](https://longbridge.com/en/news/274454239.md) | | 儘管去年進行了降息，許多存款證的利率仍然保持在 4% 及以上。這是原因所在 | 6 位金融專家解析為何一些競爭性的定期存款利率依然堅挺 | [Link](https://longbridge.com/en/news/276358591.md) | | 派傑證券建議買入這 14 只股票，因為它們將從強勁的製造業週期中獲得提振 | Piper Sandler 表示，購買這 14 只股票，它們將受益於強勁的製造週期 | [Link](https://longbridge.com/en/news/276240696.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.