The China Securities Regulatory Commission has approved the stock exchange to increase the margin ratio of margin trading from a minimum of 80% to 100% in order to strengthen the counter-cyclical adjustment of margin trading. The margin ratio for private equity securities investment funds participating in margin trading has been increased from a minimum of 100% to 120%. This margin trading policy will be officially implemented starting today. In addition, existing stock lending contracts can be extended, but must be settled no later than September 30th. This move has a significant impact on quantitative long and short stock strategies, and the supply of stocks in the market will be greatly reduced in the future. Even if some securities firms have the ability to create off-exchange stock sources, the cost of private equity institutions participating in margin trading business will also increase significantly, and the market advantage of long and short strategies will decline significantly. According to insiders, some investors have redeemed their investments in quantitative long and short products, and many FOF institutions with heavy long and short strategies are also considering adjusting their positions.
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The China Securities Regulatory Commission has approved the stock exchange to increase the margin ratio of margin trading from a minimum of 80% to 100% in order to strengthen the counter-cyclical adjustment of margin trading. The margin ratio for private equity securities investment funds participating in margin trading has been increased from a minimum of 100% to 120%. This margin trading policy will be officially implemented starting today. In addition, existing stock lending contracts can be extended, but must be settled no later than September 30th. This move has a significant impact on quantitative long and short stock strategies, and the supply of stocks in the market will be greatly reduced in the future. Even if some securities firms have the ability to create off-exchange stock sources, the cost of private equity institutions participating in margin trading business will also increase significantly, and the market advantage of long and short strategies will decline significantly. According to insiders, some investors have redeemed their investments in quantitative long and short products, and many FOF institutions with heavy long and short strategies are also considering adjusting their positions.