Recently, to further implement the regulatory authorities' measures to strengthen the supervision of securities lending trading, China Securities Co.,Ltd. and Shanxi simultaneously announced that they will soon activate the restrictions on disguised T+0 trading for securities lending, continuously improving business rules, and reminding investors to comply with relevant requirements. The so-called disguised T+0 trading by utilizing securities lending refers to the behavior of investors using Finance and Securities Lending transactions to Sell and Buy the same symbol within a day, and arbitraging through price differences. On February 6th this year, a spokesperson for the China Securities Regulatory Commission mentioned regarding the 'Finance and Securities Lending' business that 'securities companies are required to strengthen the management of customer trading behaviors and are strictly prohibited from providing securities lending to investors who engage in intraday round-trip trading (disguised T+0 trading).' (Securities Daily)