Is it harmful for securities companies to open short accounts?

1. Opening a short account of a securities company is harmful, which will greatly reduce the authenticity of the entire securities account and related depository data, and violate the principles of openness, fairness and impartiality in the securities market. For similar behaviors, we should improve the rules and supplement the detailed rules to prevent this abnormal phenomenon.

2. A securities company refers to a limited liability company or a joint stock limited company with independent legal personality, which is approved by the securities regulatory authority of the State Council in accordance with the provisions of the Company Law and the Securities Law.