The Beijing Exchange implements a T+1 trading system.

Beijing Stock Exchange ("Beijing Stock Exchange" for short), registered and established on September 3, 2021, is China's first corporate stock exchange approved by the State Council and is regulated by the China Securities Regulatory Commission. Supervision and management. The business scope includes providing venues and facilities for centralized securities trading in accordance with the law, organizing and supervising securities transactions, and securities market management services.

Extended information

The differences between the T+1 trading system and the T+0 trading system are as follows:

1. Different concepts

T +0 is a securities (or futures) trading system commonly used internationally. Any trading system in which the certificate (or futures) and price clearing and delivery procedures are completed on the day of the certificate (or futures) transaction is called T+0 trading. In layman's terms, the certificates (or futures) bought on the same day can be sold on the same day.

T+1 is a stock trading system, that is, stocks bought on the same day cannot be sold until the next trading day. my country's Shanghai Stock Exchange and Shenzhen Stock Exchange adopt a "T+1" trading method for stock and fund transactions. China's stock market implements a "T+1" trading system. Stocks purchased on the same day cannot be sold until the next trading day. out.

2. Different advantages

The T+0 trading system can be traded multiple times within a day, and the market trading volume is large, which is conducive to speculators chasing ups and downs. Under the T+0 trading system, the same funds are used repeatedly in the process of buying up and down, which greatly improves the utilization rate of funds and makes investment more flexible.

The T+1 trading system can ensure the relative stability of the stock market and prevent excessive speculation. In stock market trading, the issuance volume of a single stock is certain, and the single stock market is easy to control by small market makers. Stock market market makers buy or sell a large number of stocks within a certain period of time, which has a great influence on the rise and fall of stock prices. The introduction of the T+1 mechanism limits the efficiency of banker control to a certain extent and can stabilize stock prices to a certain extent.

3. Different flexibility

Compared with the T+0 trading system, the T+1 trading system is less flexible. Under the T+1 trading system, stocks bought on the same day cannot be sold on the same day. They need to wait until the next day before selling, resulting in poor capital turnover utilization. Within a day, the stock market changes rapidly, and it is difficult for investors to accurately track changes in the stock market. When the market drops sharply, customers cannot stop losses and leave the market in time, and it is difficult to predict the risks and losses they will bear, which is disadvantageous for investors.