In memory of Jiang Zemin, China's securities and futures markets were closed for 3 minutes on Tuesday.

(European News Agency)

[Financial Channel/Comprehensive Report] Former Chinese leader Jiang Zemin passed away on November 30 at the age of 96. His memorial service will be held on December 6.

The China Securities and Securities Regulatory Commission (CSRC) issued an announcement today (4th), saying that according to the spirit of the Jiang Zemin Funeral Committee Announcement (No. 2), China's securities and futures markets will temporarily close for 3 Minutes, trading resumed after the end of the silence.

The Shanghai Stock Exchange and the Shenzhen Stock Exchange successively issued the "Notice on the Temporary Suspension of Markets During the Moment of Comrade Jiang Zemin's Memorial Conference" today. On the morning of December 6, 2022, during the period of silence at the Jiang Zemin Memorial Conference, the market will be temporarily closed for 3 minutes. All securities and options trading will be suspended, and trading will resume after the silence is over.

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On the same day, the People's Bank of China also announced that during the memorial ceremony on the morning of the 6th, the inter-bank bond market, currency market, foreign exchange market, bill market, and gold market will temporarily suspend trading for 3 minutes.

Sing Tao reported that Jiang Zemin is the core of the third-generation leadership of the Communist Party of China. The funeral standard is similar to that of Deng Xiaoping, the core of the second-generation leadership of the Communist Party of China. A memorial service will be held from November 30 to December 7.

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