However, the liquidation of financing means that this stock has fallen; The liquidation of securities lending means that this stock has gone up.

If the stock pledge is forcibly closed, it will have an impact on credit, although this piece is not included in the credit report. If the actual controller of the company may change after the stock closes, the company's funds will decrease, or the stock price will plummet; After the stock explosion of large listed companies, it will lead to systemic financial risks.

Liquidation is a term derived from commodity futures. Closing a position is a general term for selling stocks bought by bulls or buying back stocks sold by bears in stock trading.