Zheshang Securities (601878.SH) participated in the swap facilitation business and received a reply from the China Securities Regulatory Commission

Zhitong Finance App News, Zheshang Securities (601878.SH) issued an announcement. On October 18, 2024, the company received the “Reply Letter on Matters Relating to the Participation of Zheshang Securities Co., Ltd.” (Agency Letter [2024] No. 1875) from the China Securities Regulatory Commission (hereinafter referred to as the “China Securities Regulatory Commission”). The details are as follows:

1. There is no objection to the company's participation in the Exchange Facility (SFISF). The company shall reasonably determine the application amount in accordance with the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” and other business arrangements, taking into account its own strategy and risk tolerance, and implement it after approval by the People's Bank of China.

2. The company shall strictly abide by the relevant regulations and requirements of the People's Bank of China and the China Securities Regulatory Commission, carry out transactions related to swap facilitation at designated trading venues within the approved quota, and must not use swap facilitation tools to commit illegal acts.

3. The company shall report on a monthly basis to the Securities Fund Agency Supervision Department of the China Securities Regulatory Commission and the Zhejiang Securities Regulatory Bureau on a monthly basis on the use of exchange facilitation funds. In the process of participating in the exchange facilitation process, if major situations or issues are encountered, they should be promptly reported to the People's Bank of China and the China Securities Regulatory Commission.