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China Securities Finance: "The data of the transfer and financing platform are all virtual" is a rumor

2024-08-05

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(Original title: China Securities Finance: "The data of securities lending and margin trading are all fictitious, and there is actually no upper limit on the amount of securities lending and margin selling" is a rumor)

On August 5, China Securities Finance issued a statement: Recently, some self-media claimed that "the data on margin trading is all virtual, and there is actually no upper limit on the amount of short selling." The relevant statements are rumors.

Since the second half of last year, the China Securities Regulatory Commission has taken a series of measures to strengthen supervision and counter-cyclical regulation based on market conditions and investors' concerns about the securities lending and securities lending business, and approved China Securities Finance to suspend the securities lending business in accordance with the law on July 10 this year. The scale of securities lending and securities lending has steadily declined. As of August 2, 2024, the balance of securities lending has dropped to 17.1 billion yuan, a decrease of more than 40% from before the new regulations on July 10; the balance of securities lending has dropped to 21.2 billion yuan, a decrease of more than 30% from before the new regulations.

We welcome investors to actively offer suggestions and put forward feasible optimization proposals. We strongly condemn those who fabricate rumors and spread them maliciously on the Internet. For those who cause adverse effects, we will initiate legal proceedings and seriously investigate the legal responsibilities of relevant behaviors.

Screenshot of the statement released by China Securities Finance