2065438+June 6, 2005, 65438+2065438 China Securities Regulatory Commission spokesman Gordon announced the on-site inspection of securities companies' financing business in the fourth quarter of 2065438+2004, which showed that CITIC Securities, Haitong Securities and Guotai Junan had problems in illegally extending their expired margin financing and securities lending contracts, but they were still not corrected after treatment, and a large number of customers were involved. Therefore, the three companies were suspended from opening new customer credit accounts for margin financing and securities lending. At the same time, Minsheng Securities, Guangzhou Securities, New Era Securities, Qilu Securities, Galaxy Securities, China Merchants Securities, GF Securities, Essence Securities and CIC Securities were also named by the CSRC for business violations.
Margin trading refers to the business that securities companies lend money to customers to buy securities or issue securities for customers to sell securities. Securities transactions arising from margin trading are called margin trading. Margin trading can be divided into two types: margin trading and margin trading. Customers borrow money from securities companies to buy securities, which is called margin financing and securities lending, and customers sell them to securities companies, which is called margin financing and securities lending.