Ministry of Finance: KRX system has been completed but must be stable and safe before operating

January 20, 2024 08:11 Ha Loan Print article

ANTD.VN - The Ministry of Finance said that up to now, technical issues related to the KRX system have been completed, but only when the system is safe, stable, and can control risks can it be put into operation.

According to Deputy Minister of Finance Nguyen Duc Chi, the Ministry is still closely directing and urging contractors and relevant agencies to carry out work related to the KRX securities trading system.

By the end of 2023, the basic technical work will be completed. At the same time, the trial run is being actively implemented. However, the leaders of the Ministry of Finance have not given a specific time for official operation.

“The new trading system must ensure very high requirements for stability and safety, so the Ministry of Finance requests relevant departments to coordinate with contractors to ensure stability, safety, and control of risks before putting it into operation.

We cannot confirm any time because it requires a combination of many factors, but we hope the time will come as soon as possible" - Mr. Chi said.

The new stock trading system is technically complete.

Regarding the issue of upgrading the stock market, the Deputy Minister of Finance said that last week, the Ministry had a meeting with the State Securities Commission on this issue, directing the Securities Commission to preside over the final review of the conditions for upgrading.

“If the criteria are met, the upgrading agencies will consider it. Along with that, what the next steps are after upgrading, whether any documents or regulations need to be amended, must also be considered.

In addition, to ensure a new market, there must be new risks. It is necessary to come up with solutions, both legal and technical, to manage those risks, ensuring market safety and stability," Deputy Minister Nguyen Duc Chi informed.

The leaders of the Ministry of Finance also did not give an exact time for the upgrade, but will aim to follow the goals of the Stock Market Development Strategy and the directions of the Government and the Prime Minister ...

“Because there are things beyond our control, the decision to upgrade belongs to foreign agencies. We only strive to meet the usual conditions for upgrading,” said Mr. Chi.

Source link: https://www.anninhthudo.vn/bo-tai-chinh-he-thong-krx-da-hoan-thanh-nhung-phai-on-dinh-an-toan-moi-van-hanh-post564932.antd