China Securities Finance Corporation Limited, Rules on the Re-lending Business (Trial Implementation)

中国证券金融股份有限公司转融通业务规则 (试行)

September 11, 2012 | BY

CLP Temp

China steps up its developing margin trading programme.

Issued: August 27 2012

Effective: as of date of issuance

Interpreting authority: China Securities Finance Corporation Limited

Applicability: The re-lending business includes both capital re-lending and securities re-lending. The term “capital re-lending business” means the business activity whereby the China Securities Finance Corporation Limited (the Company) lends its own money or money that it has lawfully raised to a securities company so that it can provide margin trading. The term “securities re-lending business” means the business activity whereby the Company lends its own securities or those that it has lawfully borrowed to a securities company so that it can provide short sale of securities (Article 2).

Main contents: The term for capital re-lending shall be divided into three levels – seven days, 14 days and 28 days – and that for securities re-lending into five levels – three days, seven days, 14 days, 28 days and 182 days (Article 22).

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