What is a financial account?

Two-in-one account is an account that can satisfy two-in-one business transactions. A two-in-one account, also known as a credit account, needs to meet the daily average assets of 0,000 yuan in the 20 trading days after the stock is opened, and meet the corresponding trading experience before applying.

Financing transaction means that investors borrow funds from securities firms to conduct securities transactions with funds or securities as collateral, and repay the loan principal and interest within the agreed time limit; Margin trading means that investors borrow securities from brokers, sell them with funds or securities as collateral, and buy the same number and variety of securities within the agreed time limit and return them to brokers and pay the corresponding margin fees.

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Policy norms

20 15 1 month, Gordon, spokesman of CSRC, said that the on-site inspection of financing business of 45 securities companies was over. The CSRC found that CITIC Securities, Haitong Securities and Guotai Junan Securities violated the rules and suspended the margin financing and securities lending accounts for three months.

Take warning and supervision measures against Minsheng Securities, Guangzhou Securities and Qilu Securities. In addition, in order to strengthen financing supervision, the management once again stressed that "customers with assets below 500,000 are not allowed to borrow and sell securities". The CSRC issued a series of regulatory information on the two financial institutions, which was interpreted by the market as "the black swan of the two financial institutions".