Shanghai Stock Exchange, Implementing Measures for Securities Lending Transactions of the Re-lending Business (Trial Implementation)

上海证券交易所转融通证券出借交易实施办法 (试行)

September 11, 2012 | BY

CLP Temp

Shanghai Stock Exchange serves as the platform for margin trading and short sale of securities.

Issued: August 27 2012
Effective: as of date of issuance
Interpreting authority: Shanghai Stock Exchange

Applicability: For the purposes of these Measures, the term “securities lending transaction of the re-lending business” (Securities Lending Transaction) means the business whereby a securities lender (Lender) lends Shanghai Stock Exchange listed securities to a securities borrower (Borrower) at a certain fee rate via the Shanghai Stock Exchange's integrated service platform, and the Borrower, upon expiration of the term, returns the securities it has borrowed and the relevant equity compensation and pays a fee (Article 2).

Main contents: During the pilot period, securities lenders shall be limited to institutional investors and securities lending transactions shall be fixed price transactions. The Shanghai Stock Exchange will not accept specified applications or charge a fee for securities lending transactions for the time being.

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