According to China Securities Newspandoraboxex, in order to facilitate investors to participate in bond tradingpandoraboxex, the Shanghai Stock Exchange has built a unified bond trading terminal. At present, the functional construction of the first phase of "One Debt Connect" has entered the market preparation stage and is expected to go online on April 22. It is reported that the first phase of the "One Debt Connect" business functions mainly include carrying out spot bond matching transaction declarations, general pledged repurchase transactions, and serving as a backup channel for some bond non-trading businesses. In order to ensure the smooth online operation of the system, the Shanghai Stock Exchange conducted a network-wide test on April 13 and plans to conduct customs clearance tests on April 20. Each brokerage company needs to coordinate various business lines such as self-service, brokerage, and asset management, sort out the internal readiness and provide feedback to the Shanghai Stock Exchange.