Is the CITIC credit account the same as the futures account?
It's different. CITIC Credit Account refers to the account opened in CITIC Securities for stock trading. Through CITIC's credit account, investors can carry out financing buying, short selling and other operations to improve the efficiency of capital utilization. Investors can borrow funds from securities companies for securities trading within a certain amount. A futures account refers to an account opened in a futures company for futures trading. Through futures accounts, investors can buy and sell futures contracts in order to pursue profits from price fluctuations. Futures trading usually needs to pay a certain margin, which has the characteristics of leveraged trading.