Margin trading nod for 6 firms
March 20, 2010, Saturday
|
Print Edition
Print Edition
CHINA'S securities regulator yesterday announced it approved six brokerages to pilot the margin trading business.
The approvals came more than two months after the State Council, China's Cabinet, gave the green light to start the business on a trial basis. The six securities companies are Guotai Jun'an Securities, Guosen Securities, CITIC Securities, Everbright Securities, Haitong Securities and GF Securities, said an official with the China Securities Regulatory Commission, who asked not to be named. The CSRC in January issued a guideline on margin trading, which specifies that brokerage applicants should each have at least 5 billion yuan (US$732 million) of net capital in the last six months. Margin trading allows brokerages to lend stocks and money to investors, and securities firms were required to use their own funds and securities for the business.
The approvals came more than two months after the State Council, China's Cabinet, gave the green light to start the business on a trial basis. The six securities companies are Guotai Jun'an Securities, Guosen Securities, CITIC Securities, Everbright Securities, Haitong Securities and GF Securities, said an official with the China Securities Regulatory Commission, who asked not to be named. The CSRC in January issued a guideline on margin trading, which specifies that brokerage applicants should each have at least 5 billion yuan (US$732 million) of net capital in the last six months. Margin trading allows brokerages to lend stocks and money to investors, and securities firms were required to use their own funds and securities for the business.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
