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The Chung Yeung Festival, also known as the Double Ninth Festival, is a significant public holiday in Hong Kong and Macau. It is traditionally observed by visiting the graves of ancestors and hiking to high ground, symbolizing the avoidance of misfortune. From a financial perspective, the holiday results in the closure of the Hong Kong Stock Exchange (HKEX) and other regional financial markets, leading to a pause in local trading activities and settlement processes.
As a cultural public holiday, it is not calculated via statistical formulas. Its date is determined by the traditional Chinese lunar calendar, specifically falling on the ninth day of the ninth lunar month each year.
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