No. According to the information on Zhihu.com, China Merchants Securities Financing means that securities companies lend money to shareholders to buy stocks, and the principal and interest must be repaid when they are due. Securities lending means that investors borrow stocks to sell them, and return the stocks and pay a certain amount at the specified time. , China Merchants Securities is a financial enterprise under the century-old China Merchants Group. After thirty years of entrepreneurial development, various businesses and comprehensive strength have entered the top ten in the country. China Merchants Securities is one of the first batch of members of the China Stock Exchange and the first batch of approved comprehensive securities companies. Securities firms, the first batch of lead underwriters, the first batch of members of the national inter-bank lending market and the first batch of companies with self-operation.