In order to improve the self-regulatory management rules system for brokerage financing and securities lending business, further standardize and guide the management of customer trading behavior in the brokerage financing and securities lending business, and promote the healthy development of the industry, on November 25, the China Securities Association drafted “Securities Business Model Practice No. X - Financial and Securities Lending Customer Trading Behavior Management” and solicited comments from brokerage firms. Overall, since its inception in 2010, the securities lending business has played an active role in improving market liquidity and pricing efficiency. With the continuous development of the market and the diversification of customer types, the China Securities Association believes that it is necessary to promote the continuous improvement of brokers' clients' trading behavior management capabilities.

In order to improve the self-regulatory management rules system for brokerage financing and securities lending business, further standardize and guide the management of customer trading behavior in the brokerage financing and securities lending business, and promote the healthy development of the industry, on November 25, the China Securities Association drafted “Securities Business Model Practice No. X - Financial and Securities Lending Customer Trading Behavior Management” and solicited comments from brokerage firms. Overall, since its inception in 2010, the securities lending business has played an active role in improving market liquidity and pricing efficiency. With the continuous development of the market and the diversification of customer types, the China Securities Association believes that it is necessary to promote the continuous improvement of brokers' clients' trading behavior management capabilities.