The Day Everbright Had to Pull Power Plugs to Stop Erroneous Trading

(Beijing) – How did a simple system glitch slip past layers of supposedly strong fail-safe mechanisms and rock the country's entire securities market?

This is the question that many people have been asking since a trading error by Everbright Securities directly led to erroneous transactions worth billions of yuan on August 16. The A-share index surged as a result, then fell the same day when the firm admitted its mistake.