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A number of brokerage companies are adjusting their financial plans. On February 5, the China Securities Regulatory Commission (CSRC) stated that it would guide the company to provide customer service in an all-round way, and maintain the flexibility of the liquidation line by extending the insurance call time and dynamically lowering the liquidation line to reduce the risk of liquidation and market pressure.
Today, the Blue Whale financial reporter learned that some Shanghai securities companies have held a meeting to urgently formulate and revise the business plan of the two financial institutions, "We have received the first notice of supervision and are implementing it in accordance with regulatory requirements." At present, there is a preliminary plan, which is under internal review. ”
There are also staff members of the South China Business Department of the head brokerage company who told reporters that they have received a verbal notice from above to lower the liquidation line, "It is expected that a formal notice will be made soon." In addition, after Huaxi ** raised the minimum line of the two financial institutions yesterday, it lowered the minimum line of the two financial institutions in just a few hours.
It is reported that at present, the average guarantee ratio of the whole market is 226%, which is lower than the beginning of the year, and the overall risk is controllable.
Some brokerages are reviewing the plan internally
For the "two finance" business, a Shanghai brokerage confirmed to the Blue Whale financial reporter that it has received a regulatory notice and is being implemented as required, "The preliminary plan has come out and is under internal review." ”
There are also leading securities firms that have held a meeting to urgently formulate and revise the business plan for the two financial institutions, involving the minimum offline adjustment.
The swift action of brokerages stems from the guidance of regulators. Yesterday, the spokesman of the China Securities Regulatory Commission answered reporters' questions on the relevant situation of the "two finance" financing business, and said that it would guide the company to do a good job in customer service in an all-round way, and maintain the flexibility of the liquidation line by extending the call time and dynamically lowering the liquidation line, so as to reduce the risk of forced liquidation and market pressure.
A person from the South China Business Department of a leading brokerage company told the Blue Whale financial reporter that there are indeed investor accounts close to the liquidation line recently, "7-8 customers are chasing insurance every day, and they have also begun to close their positions. It said that it had received a verbal notice from above to lower the liquidation line from 130% to 120%, and "it is expected that the minimum line will be officially notified soon." ”
In addition, after Huaxi ** raised the minimum line of the two financial institutions from 110% to 115% yesterday, it lowered the minimum line of the two financial institutions in just a few hours, maintaining the lowest level of 110% in the industry.
The average maintenance guarantee ratio of the two financial institutions has decreased
At present, the balance of securities borrowing and lending and the average maintenance guarantee ratio of the "two financing" businesses have declined. The balance of securities lending and borrowing fell by 24% to 63.7 billion yuan, accounting for 0.0% of the outstanding market value of A-shares1%。According to data from China Securities Finance, on January 2, the average guarantee ratio of the two financial institutions was 25270%。As of February 5, the average guarantee ratio of the whole market was 226%.
The China Securities Regulatory Commission said yesterday that as of now, the average maintenance guarantee ratio of the whole market is 226%, which is lower than the beginning of the year, and the minimum maintenance guarantee ratio (liquidation line) is usually 130%. Judging from the actual liquidation data, the cumulative liquidation amount of the whole market since January is about 900 million yuan, accounting for 6/10,000 of the financing scale, and the target and investors are highly diversified, and the overall risk is controllable. Some investors take the initiative to sell ** to return the financing, resulting in a passive decline in the financing balance.
Today, the China Securities Regulatory Commission (CSRC) once again put forward requirements on the relevant situation of the "two financing" securities lending business to further strengthen supervision. The first is to suspend the scale of new refinancing bonds, with the balance of existing refinancing securities as the upper limit, and suspend the scale of new refinancing securities of ** companies in accordance with the law, and gradually close the stock; The second is to require the company to strengthen the management of customer trading behavior, and strictly prohibit the provision of securities lending to investors who use securities lending to implement intraday rotation trading (disguised T+0 trading); Third, we will continue to strengthen supervision and law enforcement, crack down on illegal activities such as improper arbitrage through the use of securities lending and borrowing transactions in accordance with the law, and ensure the smooth operation of securities lending and borrowing business.