The local bourses of Shanghai and Shenzhen will observe ex-president Jiang Zemin’s death with a brief suspension.
The stock markets of the Shanghai Stock Exchange and Shenzhen Stock Exchange will be suspended for three minutes at «around 10am» on Tuesday, according to a statement from the Hong Kong Exchanges and Clearing (HKEX).
The pause is to «observe a moment of silence as a mark of respect for the late former president Jiang Zemin.»
«For the avoidance of doubt, the message processing between Orion Trading Platform – China Stock Connect (OTP-CSC) system and [China Connect Exchange Participants] will continue,» the statement added.
Black and White in Hong Kong
Various Hong Kong government-linked websites and private companies have also made symbolic gestures to mourn Jiang’s death, most notably by converting the colors of their logos and websites into shades of grey.
Within the financial sector, this includes the Hong Kong Monetary Authority, which continues to have a greyed homepage, and the Hong Kong exchange, which will stop displaying market data on the external screens of its local office for three minutes. HKEX CEO Nicolas Aguzin will also lead a group of senior executives to observe a moment of silence.
Jiang – also the Chinese Communist Party general secretary from 1989 to 2002 – reportedly died on November 30 last week due to leukemia and multiple organ failure at the age of 96.
