On December 20th, CITIC Securities announced on its official website on December 19th that it will activate the T+0 trading restriction function disguised as securities lending on December 27th. On the same day, Shanxi Securities also announced that it plans to implement intraday revolving trading control measures for securities lending on December 23. According to incomplete analysis, in addition to the two mentioned above, securities firms such as CITIC Securities, Nanjing Securities, and Dongxing Securities have also issued relevant announcements. This move by securities firms aims to implement regulatory requirements for further optimizing the mechanism of securities lending business. The latest data shows that since September 25th, the proportion of securities lending balance to the circulating market value of A-shares has remained at 0.01% for a long time, which has shrunk 10 times compared to the beginning of the year and has had a relatively small impact on the market.
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