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今年初实施的新《证券法》规定,“证券公司为客户买卖证券提供融资融券服务,应当按照国务院的规定并经国务院监督管理机构批准”；2月6日,国务院办公厅发出通知,明确要求有关部门“适时推出证券信用交易制度的有关方案,为资金合规入市创造条件”；5月8日,证监会颁布了新的《上市公司证券发行管理办法》。上述所有的政策制度已经为融资融券交易制度的推出预留了法律空间,并奠定了市场基础。
The new Securities Law, which was implemented earlier this year, stipulates that “securities companies shall provide margin financing and securities lending services to clients’ securities trading in accordance with the provisions of the State Council and shall be approved by the regulatory authority under the State Council.” On February 6, the General Office of the State Council issued a circular Demanded that the relevant departments “timely launch the relevant programs of the securities credit transaction system and create conditions for the compliance of capital compliance into the market.” On May 8, the CSRC promulgated a new Administrative Measures on the Securities Issuance of Listed Companies. All of the above-mentioned policy regimes have already provided legal space for the launch of the margin trading system and laid the market foundation.