| TUESDAY FEBURARY 29 2000 PUBLISHED BY CHINA DAILY | |||||
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Well's spiritual tale bubbles over '365' project for better housing Pimp kills wife's client Waiting for your ship to come in Internet helps in fight against crime 2 husbands face court hearing Tianyuan signs court pact Winds, rain freshens urban air Move to Pudong Seeking solutions to pollution on-line Tourists can stay 2 days visa-free Hongqiao airport ranks top in China Shanghai to have 11 metro lines |
Banks on y2k alert for leap year change DESPITE the smooth global transference into the third millennium virtually Y2K bug-free, local banks said they are still on the alert for millennium bug glitches today and yesterday - also considered high risk days. The last two days of February are believed to be another volatile period for computer systems due to the possible inability to recognize the 29th day of the month. The central bank, the People's Bank of China (PBOC) Shanghai Branch, said their staff supervising the operations of each commercial bank's computer networks and their own networks will be on 24-hour-duty over the period. "All the important databases have backup copies for possible troubles," said Shao Zhenhao, director of the technology division of POBC's Shanghai Branch. Shao also noted the bank has headed several conferences with officials of all the major commercial banks to deal with Y2K troubles. After the smooth transfer on the first day of 2000, which was regarded as the most dangerous day for the Y2K bug, Shao said they are completely confident about the date change as we go into March. "But we are not going to say we've accomplished anything until we have actually done it due to the fact that the date February 28 is more dangerous, compared with January 1, 2000," said Shao. Shao believes the holiday period around the millennium date change helped financial firms get ready to deal with that risk more effectively. The risk in February is increased, he said, by the fact that there is no holiday. "People have to work on February 29," said Shao. The Bank of China (BOC), one of the four biggest State-owned commercial banks, has also said it is set to welcome in a bug-free March. A BOC source said the bank had held several conferences on Y2K bugs. BOC's Y2K working group, which was launched late last year, will continue its efforts to supervise all the business operations of the bank. "We are very confident. We will not allow the Y2K bug to bite," the official said. Copyright 2000 by Shanghai Star. All rights reserved. |
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