On the 28th, it was learned from the China Securities Regulatory Commission that in order to implement the investor oriented regulatory concept and strengthen the supervision of restricted stock lending, the Commission has further optimized the securities lending mechanism after thorough argumentation and evaluation. Specifically, it includes: firstly, a comprehensive suspension of restricted stock lending; The second is to adjust the application for market-oriented securities lending agreements from real-time availability to the next day's availability, and limit the efficiency of securities lending. Due to factors such as system adjustments, the first measure will be implemented from January 29th, and the second measure will be implemented from March 18th. On the same day, the Shanghai Stock Exchange and the Shenzhen Stock Exchange respectively issued notices on suspending strategic investors from lending allocated stocks within the promised holding period. The notice points out that in order to further optimize the securities lending system, with the approval of the China Securities Regulatory Commission, the Shanghai Stock Exchange and Shenzhen Stock Exchange have decided to suspend strategic investors from lending allocated stocks within the promised holding period. The loan contract that has not yet been concluded before the implementation of the notice shall not be extended upon expiration. The notice shall come into effect from January 29, 2024. (Lai Xin She)