China Securities Finance Corporation (hereinafter referred to as "CSI Finance") issued a statement on the 5th, stating that some self media recently claimed that "the data of securities lending is all virtual, and the amount of securities lending sold is actually unlimited", which is a rumor. The above statement indicates that since the second half of last year, the China Securities Regulatory Commission has taken a series of measures to strengthen supervision and countercyclical adjustment based on market conditions and investors' concerns about the securities lending to securities lending business. On July 10th of this year, it approved the suspension of securities lending to securities lending business by China Securities Finance in accordance with the law. The scale of securities lending and securities lending has steadily declined. As of August 2, 2024, the balance of securities lending has dropped to 17.1 billion yuan (RMB, the same below), a decrease of more than 40% compared to before the new regulations on July 10; The balance of securities lending has dropped to 21.2 billion yuan, a decrease of more than 30% compared to before the new regulations. China Securities Finance strongly condemns those who fabricate rumors and maliciously spread them online; For those who cause adverse effects, legal proceedings will be initiated to hold those responsible accountable for their actions. Public information shows that CSI Financial was established in October 2011. It is a national securities financial institution approved by the State Council of China and the China Securities Regulatory Commission. It is a financial institution engaged in refinancing business within China, aiming to provide supporting services for securities companies' margin trading and short selling business. (New Society)
Edit：NingChangRun Responsible editor：LiaoXin
Source：China News Service Website
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