Following exchanges will be closed as shown below.
|Stock Exchange||Dragon Boat Festival|
|China||June 9-10, 2016 (Thurs. to Friday)|
|Hong Kong||June 9, 2016 (Thurs.)|
|Taiwan||June 9-10, 2016 (Thurs. to Friday)|
Dragon Boat Festival or Duan Wu Jie is a Chinese festival celebrated on the fifth day of the fifth month based on Chinese calendar. Therefore, it also known as the 'Double Fifth Festival'.
In China, it is known as the Duan Wu Jie ( Jie in Chinese means festival), but in Hong Kong, it is known as the Tuen Ng Jit (literally translated in local Cantonese language).
This day is celebrated to commemorate the death of Qu Yuan in 287 BC. Qu Yuan is a legendary Chinese patriotic poet who drown himself out of sadness when his home state fallen to a conqueror’s hand who is very corrupted.
In the past, Chinese rice dumplings largely made of glutinous rice was originally made and thrown into the river to prevent fishes from eating the body of Qu Yuan. Glutinous rice supposed to be a hard to digest food. So people hopes the fishes will get 'full feeling' and not eating the body of Qu Yuan.
Today, no rice dumplings are throw into the river instead dragon boats racing are organized to make heavy drum beating to scare away the fishes. Hence, it is also known as Dragon Boat Festival.
Nowadays, Chinese prepare the rice dumplings as a delicacy, typically made of glutinous rice, pork meat, duck yoke, chestnuts, spicy powders and many varieties which made this festival more like a 'Chinese Dumpling Festival'. The focus of the celebrations includes eating rice dumplings and racing dragon boats.
The festival has also celebrated by the local Chinese in Singapore, Malaysia and Vietnam but it is not an official holiday there.