China’s coronavirus outbreak is putting the country’s market infrastructure to the test like never before, highlighting the strengths and weaknesses of a decade-long effort to digitise nearly every aspect of securities trading.
With much of China’s financial industry working remotely over the past two weeks, trading in the nation’s giant equity and debt markets has continued without any major hiccups. At the same time, some firms are discovering limitations to contingency plans and work-from-home arrangements that may lead to a renewed focus on improving their digital capabilities.