https://vtoollab.com/categories/industry-deep-dive/Recent content in Industry Deep Dive on vtoollabHugo -- gohugo.ioenadmin@vtoollab.com (vtoollab)admin@vtoollab.com (vtoollab)© 2026 vtoollabMon, 24 Aug 2026 16:00:00 +0800https://vtoollab.com/posts/from-third-party-custody-to-broker-settlement/Mon, 24 Aug 2026 16:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/from-third-party-custody-to-broker-settlement/China’s securities fund custody has undergone two leaps: the first (2004-2008) introduced bank-based third-party custody, completely eliminating broker misappropriation of client deposits; the second (2018-present) piloted and expanded the broker settlement model, upgrading from ‘retail protection’ to ‘institutional efficiency’. Together, these two leaps have shaped the new landscape of China’s securities fund custody.https://vtoollab.com/posts/the-complete-history-of-risk-disposal-in-chinas-securities-industry/Mon, 24 Aug 2026 16:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/the-complete-history-of-risk-disposal-in-chinas-securities-industry/From Wanguo to Southern Securities, the disposal of over 30 high-risk brokerages paved the way for China’s modern capital market risk prevention system. The current 2024-2026 SME brokerage equity transfers represent active industry consolidation, not a ‘Bankruptcy Wave 2.0’.https://vtoollab.com/posts/1/Mon, 24 Aug 2026 14:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/1/From native domestic capabilities to full-business coverage, from migration track records to ROI balancing — this is the ultimate pressure checklist for every broker CIO confronting the 2027 deadline.https://vtoollab.com/posts/20-years-of-third-party-custody/Mon, 24 Aug 2026 12:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/20-years-of-third-party-custody/From a 64 billion RMB margin shortfall to a near 20-year ‘zero misappropriation’ miracle, third-party custody has built an indestructible firewall for China’s capital market through a ‘separation of powers’ design: brokerages manage securities, banks manage funds.https://vtoollab.com/posts/the-past-and-present-of-the-centralized-counter/Mon, 24 Aug 2026 12:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/the-past-and-present-of-the-centralized-counter/The Grand Centralized Counter used the Oracle RAC architecture to consolidate client, fund, and holding data from branches nationwide to headquarters, eliminating the ‘client locked in a single branch’ model and laying the foundation for over a decade of securities trading. However, its deep reliance on the ‘IOE’ architecture foreshadowed the Xinchuang substitution wave after 2020.https://vtoollab.com/posts/oceanbase-vs-kingbasees/Sun, 23 Aug 2026 16:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/oceanbase-vs-kingbasees/Ping An Fund’s valuation system completes EOD valuation for 96% of products before 19:00; Harvest Fund’s TA system smoothly migrates 70TB of data and 230+ stored procedures. These two benchmark cases outline a five-stage practical path: ‘Assessment → Dual-track → Migration → Tuning → Single-track’.https://vtoollab.com/posts/from-fs20-to-uf30/Sun, 23 Aug 2026 10:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/from-fs20-to-uf30/Kingstar’s FS2.5 and Hundsun’s UF3.0 represent two distinct paths for the Xinchuang initiative in core securities systems: Native Reconstruction vs. Legacy Evolution. How will the two titans attack and defend before the 2027 deadline?https://vtoollab.com/posts/broker_core_trading_system_comparison/Sun, 23 Aug 2026 01:00:00 +0800admin@vtoollab.com (vtoollab)https://vtoollab.com/posts/broker_core_trading_system_comparison/The essence of the four-titan duel is not about technical superiority, but a direct collision of four engineering philosophies — legacy evolution, native reconstruction, De-Oracle substitution, and ultra-fast specialization — ahead of the 2027 Xinchuang deadline.