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The Shanghai Stock Exchange (SSE) has revised the existing “SSE Detailed Rules for Implementation of Margin Trading and Securities Lending” (the “Rules” for short) in a bid to cement risk management on the business of margin trading and securities lending, propel steady growth of the business and protect investors’ legitimate rights and interests. The SSE hereby releases the revised “Rules”, which shall take effect on the release date. Considering that the whole-market business and technology will need some time for preparation, Paragraph 3 of Article 12 in the revised “Rules” will not be implemented temporarily, with the implementation time subject to further notification by the SSE.
The “Notice of Revising Articles 49 and 50 in ‘SSE Detailed Rules for Implementation of Margin Trading and Securities Lending’” (Shang Zheng Fa [2014] No. 9 Document), the “Notice on Relevant Issues of Taking ETFs as Underlying Securities of Margin Trading and Securities Lending” (Shang Zheng Jiao Zi [2013] No. 30 Document), and the “Notice of Relevant Issues about Participation of Shares with Sales Limit and Stock Shares with Terminated Sales Limit in Listed Companies in Margin Trading and Securities Lending” (Shang Zheng Jiao Zi [2013] No. 20 Document) respectively released by the SSE on February 21, 2014, May 24, 2013, and March 18, 2013 shall be abolished simultaneously.
