What are the qualified brokers for margin financing and securities lending?

What are the qualified brokers for margin financing and securities lending? Margin trading (divided into margin trading and margin trading), also known as "securities credit trading" or margin trading, refers to the behavior that investors provide collateral to securities companies with margin trading qualifications, borrow funds to buy securities (margin trading) or borrow securities and sell them (margin trading). Access conditions for margin financing and securities lending of securities companies: 1. Qualification of securities companies: According to the Measures for the Administration of Pilot Margin Trading of Securities Companies, only securities companies that have obtained the pilot license of margin trading of CSRC can carry out the pilot margin trading. Without the approval of the China Securities Regulatory Commission, a securities company may not borrow or sell securities to customers. 2. Customer qualification: According to the Measures for the Administration of Pilot Margin Trading of Securities Companies issued by China Securities Regulatory Commission, before investors participate in margin trading, securities companies should know the identity, property and income status, securities investment experience and risk preference of investors. For investors who do not meet the credit requirements of securities companies, have been engaged in securities trading in the company for less than half a year, the transaction settlement funds have not been included in the third-party depository, the securities investment experience is insufficient, the risk-taking ability is insufficient, or there is a record of major breach of contract, as well as the shareholders and related personnel of securities companies, securities companies may not raise funds or short bonds from them. 3. Margin system: The design of margin system runs through the whole process of margin trading in China, mainly including initial margin requirements, maintaining guarantee ratio, compulsory liquidation and margin withdrawal. 4. Selection criteria of the underlying securities: According to the Detailed Rules for the Implementation of Shanghai Shenzhen Stock Exchange, the conditions for the underlying securities to be stocks are: listing and trading on the exchange for three months; The circulating share capital of the underlying stocks purchased by financing is not less than 6,543.8 billion shares or the circulating market value is not less than 500 million yuan, and the circulating share capital of the underlying stocks sold by securities lending is not less than 200 million shares or the circulating market value is not less than 800 million yuan; The number of shareholders shall be no less than 4,000; In the last three months, there has been no one of the following situations: the average daily turnover rate is lower than 20% of the average daily turnover rate of the benchmark index; The deviation between the daily average fluctuation and the benchmark index is more than 4%; The fluctuation range is more than 5 times of the benchmark index. The stock issuing company has completed the share-trading reform; Stock trading has not been specially handled by the exchange; Other conditions stipulated by the exchange.