CSRC lowers threshold for margin trading pilot program

13:16, June 09, 2010      

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China Securities Regulatory Commission (CSRC) approved applications of five securities companies including Shenyin and Wanguo Securities Co., Ltd yesterday to appropriately lower the threshold for its margin trading pilot program.

Operations are stable since the launch of the margin trading pilot program in March 31. As of May 31, margin trading businesses in the Shanghai and Shenzhen stock market had a combined transaction value of 3 billion yuan, including 2.8 billion yuan in equity trading and 222 million yuan in securities loans.

Officials from the securities regulators said they will approve another batch of companies that had more than 3 billion yuan net capital within recent six months and rank above the B-level in the latest assessment for securities companies. These don't include the 11 companies already approved in 2008, which had 5 billion yuan net assets at that time.

There were 15 eligible securities companies, including nine A-level and six B-level companies, as of late April. Officials said to ensure that risks were both measurable and controllable, the commission will take all professional assessments into account, including scale of net assets and capital scale classification. The commission will give permits to securities companies in a way that is open and transparent, officials said.

By People's Daily Online


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