As the Chung Yeung Festival holiday approaches, the Hong Kong stock market will be closed on October 17 (Wednesday) and the market will open as usual on October 18 (Thursday).

Trading on the southbound Hong Kong Stock Connect will be suspended on October 17 (Wednesday) and will open as usual on October 18 (Thursday). Trading in North China's Shanghai Stock Connect and Shenzhen Stock Connect was suspended from October 16 (Tuesday) to October 17 (Wednesday), and opened as usual on October 18 (Thursday).

The Chung Yeung Festival, which falls on September 9 and 29 in the lunar calendar, is known as “Heavy Nine.” The Taoist view of yin and yang after Ye in the middle of Han had six yin and nine yang. Nine is the number of positives, and Guzhongjiu is also called “Chongyang.” People have a custom of climbing on this day, so the Chung Yeung Festival is also known as the “Ascending High Festival.” There are also expressions such as the Jukyu Festival, Dogwood Festival, and Chrysanthemum Festival. Since the synonym for “99” on September 9 is “long,” meaning a long time, it is common to worship ancestors and carry out activities to respect the elderly on this day. The Chung Yeung Festival and the Three Festivals of Xue, Qing, and Yu are also the four major traditional Chinese festivals dedicated to ancestors.