What Is Securities Lending?
It is reported that in 2012 a quarter of a company called "Central Securities Lending Exchange" (Centralised Securities Lending Exchange, CSLE) of the new body to be set up, as a nascent short sales support domestic industry, China's capital market to increase the depth of a A series of measures.
Stock Lending Exchange
Right!
- Chinese name
- Stock Lending Exchange
- Foreign name
- Stock Lending Exchange
- Time
- 2012
- Country
- China
- It is reported that the first quarter of 2012, a company called "Central Securities Lending Exchange" (Centralised Securities Lending Exchange, CSLE) of the new body to be set up, as a nascent short sales support domestic industry, China's capital market to increase the depth of a A series of measures.
- Relevant parties started to establish this institution in 2011. The market regulator China Securities Regulatory Commission (CSRC) will be the largest shareholder of the institution. Other shareholders will include the Shanghai and Shenzhen Stock Exchanges, as well as some securities dealers and other financial institutions. The main function is to facilitate the short selling of securities.
- The new central securities lending exchange will provide stocks to qualified fund managers in China who intend to borrow stocks and charge a fee. It will receive relevant stocks from institutions in China, including banks, insurance companies and fund management companies. [1]
- On January 5, 2012, regarding the news of foreign media reporting that China would set up a "central securities lending exchange", a person from the China Securities Regulatory Commission stated that the report was not true and that securities and financial companies were still preparing for related businesses. Relevant persons on the Shanghai Stock Exchange also stated that no news about the establishment of a "central securities lending exchange" has been heard, and the statement that the Shanghai Stock Exchange will be a shareholder of the "central securities lending exchange" is also denied. [2]