Before the expiration of the contract, the securities company may extend the contract for the customer according to the customer's application, and each extension shall not exceed the time limit stipulated by the stock exchange.
Combined with the measures issued by the CSRC, the Shanghai and Shenzhen Stock Exchanges simultaneously issued detailed rules for the implementation of margin trading. The new content stipulates the frequency of margin financing and securities lending: the margin financing and securities lending contracts are allowed to be extended, and on the basis of maintaining the existing margin financing and securities lending contracts for no more than six months, the new provisions allow securities companies to negotiate the extension times independently with customers according to factors such as their credit status.
Extended data
Margin trading mode
1, margin trading is conducted by competitive bidding.
2. The declared number of stocks or funds bought by financing or sold by short selling is 65,438+000 shares (copies) or an integral multiple thereof. The declared number of bonds bought by financing or sold by securities lending shall be 10 or its integral multiple.
3. After financing to buy securities, investors can repay the incorporated funds to members through direct repayment or repayment by selling securities. If the funds are repaid by direct repayment, it shall be handled in accordance with the agreement between the member and the customer.
Baidu Encyclopedia-Measures for the Administration of Margin Trading of Securities Companies
Detailed Rules for the Implementation of Margin Trading of China CIC Securities Shenzhen Stock Exchange