How China Merchants Securities Achieved Top‑Tier DevOps Maturity in Two Projects
On October 28, 2022, China Merchants Securities became the first South‑China firm to pass the CAICT DevOps continuous‑delivery Level 3 assessment for two separate projects, showcasing how standardized DevOps practices and tool empowerment can dramatically boost delivery speed, quality, and competitive advantage in the financial sector.
On October 28, 2022, the China Academy of Information and Communications Technology (CAICT) announced the latest batch of DevOps and AIOps standard assessment results, highlighting that China Merchants Securities (CMS) successfully passed the Level 3 continuous‑delivery assessment for two projects: the next‑generation OTC derivatives management system and the large‑investment business platform manuscript management system.
Project Overview
Both projects demonstrated significant digital transformation impact. The OTC derivatives system supports cross‑market, multi‑product, end‑to‑end trading, earning a 2022 Shenzhen Financial Innovation Award. The manuscript management system integrates OCR, intelligent review, document comparison, typo detection, and bank‑statement verification to streamline investment‑banking workflows.
Q&A Highlights
Q: What does passing the assessment mean for CMS? CMS achieved full‑process automated delivery, with several capabilities already reaching Level 4, such as systematic artifact management and near‑real‑time issue resolution.
Q: How did the company decide to join the DevOps assessment? The fintech center aimed to build a “smarter” organization, using DevOps to create an agile, transparent, and closed‑loop development‑operations ecosystem.
Q: What concrete benefits were observed? The assessment established a benchmark for DevOps rollout, created an organization‑wide delivery pipeline, and fostered a culture of value‑orientation, innovation, and continuous learning.
Q: What measurable improvements were achieved?
Requirement delivery cycle reduced from 30 days to one week.
Build time cut from 30 minutes to a few minutes.
Fix turnaround shortened from several hours to under 30 minutes.
Release frequency increased from 1 per month to 4 per month.
Daily code submissions rose from 17 to 25.
Automated test coverage reached 100% for interfaces.
Q: What challenges were faced? The team dealt with tight business demands, a 150k‑line backend and 90k‑line frontend codebase, extensive automation‑testing effort, and a workforce composed of over half external contractors.
Q: What are the next steps? CMS plans to localize the CAICT DevOps standards, build an internal maturity model, and expand best‑practice promotion across all development teams.
DevOps Maturity Model Overview
The CAICT‑led DevOps Capability Maturity Model, co‑created with leading internet, finance, and telecom firms, is the most comprehensive domestic DevOps standard and was adopted as an international standard by ITU‑T in July 2020. It covers agile management, continuous delivery, technical operations, application design, security, and tooling.
Industry Participation
As of the announcement date, the securities sector had multiple enterprises evaluated across various DevOps levels, with CMS becoming the first to achieve dual Level 3 continuous‑delivery certification.
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