Legal analysis: The financing interest rate of China securities companies generally changes with the market and cannot be manipulated. At present, the interest rate of securities financing is set at 7.86%, and the interest rate of margin financing and securities lending is set at 9.86%. According to industry insiders, according to international practice, the financing interest rate is generally 3 percentage points higher than the benchmark loan interest rate for the same period. At present, the short-term loan interest rate of the central bank within six months (including six months) is 4.86%, which is in line with international practice after rising by three percentage points.
Legal basis: Securities Law of People's Republic of China (PRC).
Article 3 The issuance and trading of securities must follow the principles of openness, fairness and impartiality.
Article 4 The parties involved in securities issuance and trading activities have equal legal status and should follow the principles of voluntariness, compensation, honesty and credibility.
Article 5 The issuance and trading of securities must abide by laws and administrative regulations. Fraud, insider trading and manipulation of the securities market are prohibited.