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随着转融通业务的常态化,激烈的市场竞争可能会引发价格战,不仅会进一步吸引投资者参与融资融券市场,而且也会促成一些新的对冲交易策略形成2012年8月27日,中国证券金融股份有限公司(以下简称“证金公司”)发布了《转融通业务规则(试行)》(以下简称《规则》)、《融资融券业务统计与监控规则(试行)》、《转融通业务保证金管理实施细则(试行)》;同日,沪深交易所分别发布了《转融通证券出借交易实施办法(试行)》,中登公司发布了《证券出借及转融通登记结
With the normalization of refinancing business, fierce market competition may trigger a price war, which will not only further attract investors to participate in the margin trading market, but will also lead to the formation of some new hedging trading strategies. On August 27, 2012, China Securities Finance Co., Ltd. (hereinafter referred to as the “Securities Company”) issued the “Rules on Business Operation and Financing (for Trial Implementation)” (the “Rules”), the Rules for the Statistics and Monitoring of Margin Trading Business (Trial) (Trial Implementation) on the Operation of Margin Trading in Refinancing Business (Trial Implementation) “; on the very same day, the Shanghai and Shenzhen Stock Exchange issued Measures for the Implementation of Lend-Back Securities Lending Transaction (Trial Implementation) respectively, and China Securities Regulatory Commission released the” Securities Lending and Re-