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《Contemporary Economy & Management》 2009-01
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The Impact of Securities and Margin Financing Businesses on the Securities Market in China

Lu Taiping,Song Genmiao (Anhui University of Finance and Economics, Bengbu, Anhui 233030, China)  
Securities and margin financing businesses is a derived fi- nancial instruments built on the business market which is expected to invest in the future.The Chinese Securities Regulatory Commission is- sued the notice of China's Securities Regulatory Commission officially launch securities and margin financing businesses operations in the near future on October 5,2008. This will bring opportunities for Chi- nese securities market,also cause it to face with a more stern chal- lenge. It has a positive significance of promoting the stable develop- ment and reforming innovation of China's capital market from the long-term view。This article first carries on the theory outline to mar- gin purchase and short sale;And then it analyses the impaction from two main perspective of market main body and stock market; Finally, it proposes recommendations of improving the system of securities and margin financing businesses in our country。
【CateGory Index】: F832.51
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1 ZHONG Li-ming, LIU Hai-long, WU Chong-feng(Financial Project Research Center of Management School, Shanghai Jiaotong University, Shanghai 200052,China);Liquidity of China's Stock Market:Too Much or Too Little?——An Analysis of an Internationally comparative Visual Angle[J];Modern Economic Science;2003-02
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1 Mao Xiaolun (College of Economics & Management, North China Univ. of Tech., 100041, Beijing, China);Study of Compound Hedge Policy on Stock Index Futures[J];Journal of North China University of Technology;2004-01
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