ANTD.VN - The Ministry of Finance stated that the technical aspects of the KRX system have been completed, but it will only be put into operation when the system is safe, stable, and capable of controlling risks.
According to Deputy Minister of Finance Nguyen Duc Chi, the Ministry is still closely directing and urging contractors and relevant agencies to implement tasks related to the KRX securities trading system.
By the end of 2023, the basic technical work had been completed. Simultaneously, the testing process was progressing very actively. However, the Ministry of Finance leadership has not yet given a specific date for official operation.
"The new trading system must meet very high requirements for stability and security, so the Ministry of Finance requests that relevant departments coordinate with the contractor to ensure stability, security, and effective risk control before putting it into operation."
"We can't say for sure when because it depends on many factors, but we hope that time will come as soon as possible," Mr. Chi said.
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The new stock trading system has been technically completed. |
Regarding the issue of upgrading the stock market, the Deputy Minister of Finance stated that last week, the Ministry held a meeting with the State Securities Commission on this matter, directing the State Securities Commission to take the lead in conducting a final review of the conditions for upgrading.
"If the criteria are met, the agencies responsible for upgrading will consider the request. Along with that, what are the next steps, and whether any documents or regulations need to be amended, must also be considered."
"Furthermore, to ensure the success of the new market segment, new risks must be identified. Solutions, both legal and technical, are needed to manage these risks and ensure market safety and stability," Deputy Minister Nguyen Duc Chi informed.
The Ministry of Finance leadership did not give an exact timeframe for the upgrade, but stated that it would aim to achieve the goals of the Stock Market Development Strategy and the directives of the Government and the Prime Minister …
"Because there are things beyond our control, the decision to upgrade rests with foreign agencies. We are only striving to meet the standard conditions for an upgrade," Mr. Chi said.
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