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证监会:7月11日暂停转融券业务 存量依法展期并不晚于9月30日了结

CSRC: Suspending margin trading and securities borrowing business on July 11, the stock will be settled no later than September 30 in accordance with the law.

Breakings ·  Jul 10 18:03

According to the latest information released by the China Securities Regulatory Commission, in order to effectively respond to investors' concerns and maintain stable market operations, after fully assessing the current market situation, the CSRC has approved the suspension of become margin business of CSI 800 Financials and Real Estate Index Co., Ltd. to further strengthen the countercyclical regulation of margin trading. It will be implemented from July 11, 2024. Existing margin trading contracts can be extended, but must be settled no later than September 30.

The CSRC stated that this adjustment clearly defined the legal extension and the arrangement of new and old contracts for outstanding businesses, which is conducive to preventing business risks and maintaining the stable and orderly operation of the market. The CSRC stated that it will adhere to problem-oriented and goal-oriented measures and always highlight the maintenance of system fairness and the enhancement of market stability. At the same time, according to market conditions, strengthen daily supervision and counter-cyclical regulation, crackdown on illegal and irregular activities such as improper arbitrage, safeguard the stable operation of the market, and effectively protect the interests of investors.

Since August 2023, the CSRC has implemented a series of measures to strengthen the regulation of margin trading and become margin business based on market conditions and investors' concerns, including restricting stock lending of state-owned enterprises sold to strategic investors and raising margin requirements for margin trading. Next, the regulator will crack down on illegal and irregular activities such as improper arbitrage, safeguard the stable operation of the market, and effectively protect the interests of investors. (Economic Information Daily)

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