Dongxing Securities' notice on enabling the disguised T + 0 trading restriction function of securities lending was released yesterday

On July 9th, today, the three major indices of class A share were collectively red, and the market saw a significant increase in volume in the afternoon. The three major indices all rose by more than 1%. For the logic of today's class A share general rise, one is that there is news today that Dongxing Securities has issued a notice to investors about the activation of the function of T + 0 trading restrictions in disguised form of short selling. The reporter checked the official website of Dongxing Securities and found that it has issued relevant announcements yesterday, announcing that the function will be enabled since July 15th. After the function is enabled, investors cannot conduct financing or collateral buying operations on the same subject after conducting short selling transactions within the same trading day; after conducting collateral buying or financing buying within the same trading day, they cannot conduct short selling operations on the same subject. As early as the end of February, CITIC Securities issued a reminder on the company's APP that in order to implement the relevant requirements of the Securities Supervision Commission, it is strictly forbidden to provide securities lending services to investors who use securities lending to implement intraday rotary transactions (disguised T + 0 transactions).