Tuesday, December 14, 2010
Commission: the timely introduction of margin trading.
<P> SFC department heads yesterday (24), said the Commission in accordance with the actual market demand, timely, systematic arrangements and promote the company to carry out securities margin trading business. .</ P> <P> (http://) recently released "Supervision and Regulation of Securities Companies" and in 2006 introduced the "Pilot Securities Margin Regulations" and other related laws and regulations on the business rules for margin trading .a clearly defined, but the margin securities companies conduct business, subject to approval by the Commission for approval. .</ P> <P> official said, "margin securities companies to carry out the legal basis has been basically complete," "Supervision and Regulation of Securities Companies" issued after the implementation of this legislation the Commission as a specific sector, for .implementation of the system, at the operational level also need to conduct a series of plans and arrangements to ensure effective implementation of laws and regulations. .The Commission in accordance with the actual needs of the market conditions, timely, advance step by step to carry out margin trading securities companies, there is a rhythm to gradually expand the pilot process. .</ P> <P> specific to the securities companies which have access to pilot qualifications, the person in charge said that the current rules, to carry out the conditions and procedures have been clear to see whether the qualified securities companies, while watching the situation and the Commission its application .review of the application. .</ P> <P> Commission Vice Chairman Fan Fuchun in this year's "two sessions" has said that there is hope this year the margin trading launch. .Industry sources, the pilot launch margin trading business, you can gradually change the running pattern of unilateral market, open up the money market and capital market financing channels for securities market trading activity. .</ P>.
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