Generally speaking, financing buying has positive factors on the stock price, but it depends on the scale and duration of financing. If there is a lot of financing to buy continuously, at least it proves that there are big capital investors who are optimistic about its share price.

Relatively speaking, the sale of securities lending has negative factors on the stock price, but in reality, the overall amount of securities lending that has just been piloted for a long time is very small, even less in the current market stage. The impact on the stock price is basically negligible.

The possible refinancing between customers in the future may have a greater impact on short-selling stock prices. At present, a few securities companies that have already started business can only borrow securities with their own securities, so their holdings are not large, and many securities borrowing targets may not exist at all, which is normal.

At present, margin trading and stock index futures have not played their due roles. After all, management requires a steady start. It is very helpful to apply these financial innovative products in the future.