State Council, Regulations for the Oversight of Securities Companies

Promulgated: April 23 2008
Effective: June 1 2008

Applicability: The “business of margin trading and short sale of securities” refers to the securities companies' business activities of lending funds to clients for purchase of securities or lending securities to clients for selling, and the provision of the corresponding collateral by clients, in the course of securities transactions conducted in stock exchanges or other stock trading premises approved by the State Council (Article 48).