Thursday, December 30, 2010
Recent high-ranking officials will not release the secret deep down the stock market.
<P>: News, the pilot will be assessed margin is expected to start at the end of this month, but only on condition that we must accelerate the elimination of all parties for completion of the pilot brokerage customer margin should be an independent third party depository understanding differences. .</ P> <P> a person close to the regulators said yesterday that since September margin on hold since mid-trial review will be held at the end of 10 is expected to review the SFC agency pilot materials submitted to the Ministry there are 10 securities companies .or so, but not all innovative securities firms currently on the conduct of margin trading business space are optimistic that several pilot securities companies did not submit an application. .</ P> <P> officials interviewed regulators, securities companies said that at present whether the parties to conduct margin trading should be completed before the customer margin third party custody disagreement, which directly affects the margin .launched a pilot project work. .</ P> <P> an innovative securities company president stressed to reporters: Although we will soon complete a difficult margin third party custody, but we fully support, not to complete the margin third party custody, to carry out such a margin .credit trading is risky business indeed. .</ P> <P> from August 1 this year, implementation of the "Pilot Securities Margin Regulations," Article VI, the securities company to apply for margin trading pilot shall meet the conditions of client assets, including security, integrity, customer .third party deposit transaction settlement funds program has been authorized by the SFC, and has made clear progress in the implementation arrangements. .=> I think the rose just around the corner </ P> <P> we do not guarantee third party custody. .An innovative class of head of the Securities Brokerage summed up several reasons, he considered the most important resources, including customers of the bank after all grasp hands as well as deposit rates custody issues. .In addition the technical capacity of banking related systems currently can not fully meet the requirements, many securities companies use the system and the banking system is also a problem of how to docking. .He frankly stated that addressing these issues will take time. .</ P> <P> this case, a vice president of the Securities Association of China that no lack of compromise. .Although we disagree, but since we have selected an innovative securities firms, then they should believe that the broker does not misappropriation of clients, I believe they are disciplined compliance. .At the same time we must strengthen supervision in this respect, there are risks to any elimination. .He told reporters. .</ P> <P> an official Department of the SFC organizations expressed to reporters yesterday, a very clear point of view. .He said: margin trading account funds to be managed in the bank, can not finish strong push for funding to finance the work. .As far as I know, most brokerage margin from the third party custody there to complete the distance, and even the formation of the program did not have a lot of people. .But now the market well enough, I think, or do not have to worry margin start to stimulate the market. .</ P>.
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