Huatai Securities And Guoxin Securities Suspended Trading Since August 4Th.

As of August 3rd, the balance of margin in Shanghai and Shenzhen two cities was 3 billion 480 million yuan, with a margin of 617 million shares.

After the revision of the securities lending rules, the restrictions on securities lending increased.

The trading closed loop of the coupon sold on the day of the margin trading was broken, from the former T+0 to T+1.

Following the Shanghai Stock Exchange's amendment

After that, a number of brokerages later suspended trading, and the air side was hit again.

In August 4th, CITIC Securities announced that it was in line with the urgent revision of the exchange financing and securities trading rules, to control business risks and suspend the trading of securities trading from now on.

It is said that the relevant system needs to be pformed so as to realize the paction examination of direct coupons, coupons and coupons on the next trading day.

Before the system pformation is completed, in order to prevent the occurrence of the securities coupon behavior on the day, we will suspend the sale of the loan from now on, and the remaining functions will not be affected.

After the system pformation is completed, the relevant functions will be resumed.

On the same day, Huatai Securities and Guoxin Securities issued a notice on the website that the securities lending business was suspended in August 4th.

Guotai Junan insiders told reporters that the margin trading business only stopped the new account, the stock did not stop, the customer opened the margin account, only financing.

Earlier, in the early July, a number of brokerages, including Guotai Junan, Changjiang Securities and China Merchants Securities, suspended the securities lending business to stabilize the market.

As a result, the margin and surplus of margin trading have declined sharply, to some extent, protecting the fragile market at that time.

However, the reporter noted that after mid July, as the market slowly stabilized.

Began to pick up.

As of August 3rd, flush IFIND data showed that the balance of margin in Shanghai and Shenzhen two cities was 3 billion 480 million yuan, with a margin of 617 million shares, all of which reached the highest level since the bailout.

The rapid increase of margin balance and margin has also attracted the attention of regulators.

On the evening of August 3rd, the Shanghai Stock Exchange issued a notice to amend the fifteenth rules for the implementation of the margin trading policy: "after the sale of the customer's margin, it can be repaid to the members through the purchase of coupons, coupons or direct coupons from the next trading day."

The relevant person in charge of the Shanghai Stock Exchange said that this provision has restricted certain investors who use the margin trading to carry out many rounds of pactions in a daily manner. Without affecting the normal business needs of the margin trading, it will further standardize the order of securities trading and help maintain market stability and stable and healthy development of margin trading.

At the same time, the Shenzhen Stock Exchange also launched restrictions on margin trading, and revised article 2.13 of the implementation details of the Shenzhen stock exchange margin trading system (2015 Revision).

After the sale of the securities margin, investors can repay the securities to the members through direct coupons or coupons from the next trading day.

In the form of direct coupons, the repayment of securities into the securities shall be handled in accordance with the stipulations between the members and the clients and the relevant registration and settlement institutions designated by the institution.

If a securities sold by investors in a margin trading is suspended, the securities can be repaid to the members in cash according to the agreement.

After the revision of the securities lending rules, the restrictions on securities lending increased.

The trading closed loop of the coupon sold on the day of the margin trading was broken, from the former T+0 to T+1.

Reporters learned that, at the beginning of July, securities companies such as Guotai Junan, China Merchants Securities and Changjiang Securities, which had suspended their securities lending in early July, did not resume trading after the market stabilized in the middle of July.