HOMS system is a software system developed by Hang Seng Electronics. Its main function is to allocate the funds under a securities account to several independent small units for separate trading and accounting, which is what investors often call "tractor account". HOMS is the most important interface for off-exchange fund-raising in the 20 15 stock market turmoil.
Extended Information The CSRC issued and implemented the Opinions on Cleaning up and Rectifying Illegal Securities Business Activities, and strictly investigated some institutions and individuals who used information systems to open virtual securities accounts for customers, borrow other people's securities accounts, and lend their own securities accounts. That night, Hang Seng Electronics executives met to discuss countermeasures.
At 7: 00 a.m. on July 13, Hang Seng Electronics issued the Announcement on Actively Responding to the Opinions of China Securities Regulatory Commission on Cleaning up and Rectifying Illegal Securities Business and HOMS Explanation, and at the same time liquidated its market value from June 15 to July 10, and said that there were rumors in the market that the Hang Seng HOMS tool caused the stock market to fluctuate violently, which was neither objective nor objective.
Hang Seng Electronics said that HOMS system is only a technical tool developed for private equity funds, and its purpose is to meet the needs of small and medium-sized asset management institutions such as Sunshine Private Equity to improve their investment transaction management and risk control capabilities. The company has always insisted that all kinds of institutions use HOMS for business management, and must first ensure that its business itself meets the requirements of laws, regulations and regulatory policies.
Announcement of China Securities Regulatory Commission-Opinions on Cleaning up and Rectifying Illegal Securities Business Activities