Today, China Securities Co.,Ltd. announced that to further implement the regulations of the CSRC regarding the prohibition of using securities lending for disguised T+0 trading, the company plans to activate the restrictions on disguised T+0 trading for securities lending on December 27. On the same day, Shanxi also announced that the company plans to activate controls on intra-day reversal trading of securities lending on December 23. Although the impact of securities lending on the market has become minimal, relevant individuals do not believe that 'using securities lending for disguised T+0 trading' will be relaxed. They stated that this concerns the fairness of trading for investors; since ordinary investors cannot engage in T+0 trading, those involved in Finance and Securities Lending should not be able to either. At the same time, they expressed hope that all parties in the market can take an objective and rational view of Finance and Securities Lending, which is a mature market mechanism in both domestic and international Capital Markets. If A-shares are to experience a slow bull market, a price discovery mechanism is necessary, and the securities lending business possesses the function of price discovery.