What is Liangrong? What does the balance mean

Two financing refers to financing and securities lending, financing is integrated into funds, borrowing funds from the account to expand investment leverage, and obtaining higher market value with smaller funds; Securities lending is integrated into **, and after being integrated, you can sell it first, and then buy it back and return it to the brokerage after ******, so as to realize the shorting of **.

Moreover, the financial and financial services refer to margin trading.

It is divided into margin trading and securities lending trading. Financing transaction is that investors borrow funds from brokerages with funds or ** as pledges for ** trading.

and repay the principal and interest of the loan within the agreed period; Securities lending transaction is that investors borrow funds or ** as pledges, borrow ** from the brokerage firm to sell, and within the agreed period, **the same quantity and variety** will be returned to the brokerage and pay the corresponding securities lending fees.

In addition, margin trading only requires a certain amount of margin.

You can find a brokerage to borrow funds or**, so if we encounter a forced liquidation, our collateralized funds or ** will be forced to liquidate.

It is commonly known as "forced liquidation", but the money after liquidation may not be enough to pay the money borrowed from the brokerage or **, as well as the corresponding interest, we will owe the brokerage money or**, then we have to find other ways to repay the money. The funds obtained in margin financing and securities lending can only be used to purchase the two financing targets, and the "two financing and circumvention standards", as the name suggests, is to bypass the standard and use the funds obtained from financing for investment fees or withdraw the financing targets. The core of the two financial financing is to sell the ** and guarantee the T+0 target, and the margin is wound out of the credit account for the purchase of ** outside the target pool and the capital can be doubled.

Extended information: the margin financing and securities lending business of the so-called ** company.

It is divided into two parts: one for financing and one for securities lending. Financing is an act in which you are bullish, so you borrow money from the company to buy, and the company lends you money to buy, and the principal and interest are repaid at maturity.

Securities lending is that you are bearish, borrow bonds from **company to sell, **company lend**.

Give you the act of returning the same type and amount of ** and paying interest after maturity - please note that the money is owned by which company, but each brokerage has a pool of securities lending.

There is still a difference, not all the ** circulating in the market can be borrowed and borrowed by a certain brokerage.

The two financial services refer to margin trading and securities lending, which are divided into margin trading and securities lending trading. Financing transaction is that the investor borrows funds from the brokerage company for ** trading with funds or ** as pledge, and repays the loan principal and interest within the agreed period; Securities lending transaction is that investors borrow funds or ** as pledges, borrow ** from the brokerage firm to sell, and within the agreed period, **the same quantity and variety** will be returned to the brokerage and pay the corresponding securities lending fees. Generally speaking, the key to margin trading lies in the word "financing", and investors with "financing" must provide certain guarantees and pay certain fees, and return the borrowed funds within the agreed period.

The most important thing for margin financing and securities lending is the word "financing". It is mainly divided into financing and securities lending.

Among them, financing refers to the behavior of investors borrowing funds from ** company by using funds or ** as collateral, and needs to repay the principal and interest at the specified interest rate after maturity. Usually the ratio of financing is 1:1.

That is, having 100w funds can be integrated into 100w funds, and finally 200w can be used to buy**. Or use 100w of ** to ** into the ** company to inject 100w of funds into ** company, ** into cash flow, for purchase**.

Securities lending refers to the act of investors borrowing bonds from ** company by using funds or ** as collateral, and they need to repay the same amount and type of bonds after maturity. Among them, the method of borrowing bonds with funds is usually 1:2, that is, 100W funds can be converted into 200W bonds.

The default interest of general financing is annualized, and the default interest of securities lending is that the financing interest of some **brokerage companies can be given to 5% For example, national finance**, it is recommended that you can learn about the situation of the institution.

The balance of the two financing is the balance of margin financing and securities lending.

We usually put the balance of financing.

and the balance of securities lending and borrowing together are referred to as the balance of the two financings.

The financing balance refers to the amount of financing **** and the amount of repayment of financing.

of the difference. If the financing balance increases, it means that the investor mentality is biased towards the buyer, and the market sentiment is strong, which is a strong market; Otherwise, it is a weak market. The balance refers to the difference between the selling amount and the daily repayment amount.

An increase in the balance of securities borrowing and lending indicates that the market is trending towards a seller's market; Otherwise, it tends to be the buyer.

In the a** field.

Since the scale of securities lending business has been at a low level all year round, when we look at the balance of the two financings, the focus is on the financing balance.

1. The impact of the balance of the two financial institutions on **

Looking back at the market trend in recent years, it can be found that the higher the balance of the two financial institutions, the higher the market heat and investor participation. The lower the balance of the two financial institutions, the market tends to be colder.

Therefore, the balance can be used as an indicator of market sentiment. It is worth noting that margin trading and securities lending are leveraged funds, which are inherently characterized by helping to rise and fall.

For **, the larger the financing balance and the continuous growth momentum, it means that this is only optimistic about some investors, and there may be room for the market outlook.

The larger the margin balance, the greater the degree to which the stock is not favored by investors. It's just that as we said before, the scale of securities lending is too small to have any substantial impact on the stock price trend, so we generally don't pay too much attention to this indicator.

In short, the balance of the two financial institutions can reflect the changes in market heat to a certain extent, but on the whole, it is difficult to accurately judge the direction of future market fluctuations through the changes in this data. You must know that most of the technical indicators have the characteristics of lagging, and the balance of the two financial institutions is no exception.

II. Conditions for opening margin (credit) accounts

a) Individual investors.

The customer is in the ** market at the time of application.

Investment experience (**market investment experience refers to **investment experience) for more than 6 months (inclusive) and no bad record;

In the last 20 trading days, the average daily scale of individual customers' ** assets in our company is more than 500,000 yuan (inclusive);

Risk tolerance should be aggressive and aggressive;

Chinese citizens who are at least 18 years old and have legal capacity;

The applicant has legal investment qualifications, and there are no laws, regulations, rules and transactions in Shanghai and Shenzhen.

the circumstances in which the rules prohibit or restrict access to the market;

The customer's ordinary account must be a standard account, and the transaction settlement funds have been included in the third-party depository.

2) Fandanliang ordinary institutional investors.

At the time of application, the client's investment experience in the ** market (** market investment experience refers to ** investment experience) is more than 6 months (inclusive) and there is no bad record;

In the past 20 trading days, the average daily scale of ** assets of ordinary institutional customers in our company is more than 1 million yuan (inclusive);

Risk tolerance should be aggressive and aggressive;

The applicant has legal investment qualifications, and there is no law, regulation, rule and the rules of the Shanghai and Shenzhen stock exchanges that prohibit or restrict access to the market;

The customer's ordinary account must be a standard account, and the transaction settlement funds have been included in the third-party depository.

Financing refers to financing and securities lending transactions.

Among them, the financing transaction is that the investor borrows funds from the brokerage company to buy and sell ** with the capital draft or ** as collateral, and returns the principal with interest at the agreed time; Securities lending transaction is an operation in which an investor borrows money from a brokerage firm to sell with funds or securities as collateral, and returns the same quantity and variety to the brokerage within the agreed period of time, and pays the corresponding fees.

Extended information: 1. **Barometer.

There have always been experts mentioning the scale of the two integrations, but for many novices, this is not a familiar word. The balance of financing is a kind of term, which is divided into financing balance and securities lending balance. The financing balance refers to the difference between the amount of market financing and the amount of repayment financing.

The balance of securities borrowing and lending refers to the difference between the sale of securities in the market and the repayment of rent. When the financing balance gradually increases, it indicates the ** market.

In the bullish phase, the greater the growth of the financing balance, the higher the reference.

2. In the ** market, the balance data of the two financial institutions is the reference data information that many investors pay more attention to, and the long and short direction of the market can be referenced through the balance data of the two financial institutions. It is worth noting that on June 1, the Shanghai Stock Exchange.

The financing balance was reported as 100 million yuan, an increase of 100 million yuan from the previous trading day; Shenzhen Stock Exchange.

The financing balance was reported as 100 million yuan, an increase of 100 million yuan from the previous trading day; The two cities totaled 100 million yuan, breaking through the key pattern to a new high since July 2015.

3. What signal to convey.

On the one hand, the stock indexes of the two cities got rid of the previous adjustment posture and showed an upward trend as a whole, on the other hand, the total turnover of the two cities rose and broke through the trillion yuan mark many times. During the period when the balance of the two financial institutions climbed, the financing balance of 1,174 stocks of the two financial standards increased, accounting for a high proportion, of which the top ten net financing were Changchun High-tech and Sany Heavy Industry.

COSCO Shipping Holdings, Wusan Zhongda, Zhifei Biotechnology, Gree Electric.

LONGi, CICC.

Goertek and Walvax Biotech, the net financing amount of these enterprises is as high as 100 million yuan.

Dual financing business refers to the provision of collateral by investors to ** companies with margin financing and securities lending qualifications, borrowing funds (margin transactions) or borrowing ** and selling (securities lending transactions).

acts. Extended Materials.

Investors who want to invest and manage their wealth management need to open a corresponding investment and wealth management account first. In order to prevent investors from falling into investment and financial management misunderstandings and causing property and mental losses, investors should go to formal financial institutions that meet the requirements of national supervision when opening investment and wealth management accounts such as savings, insurance, bonds, foreign exchange, and financial management.

China's financial institutions are mainly divided into three major components: banking, insurance and financial management, but from the perspective of investment and financial management channels, the company can provide investors with more investment and financial management channels and apply for more types of investment and wealth management accounts. Some wealth management tools (such as bonds) can also be opened through a variety of channels (banks or ** companies) to open investment and wealth management accounts.

Generally speaking, banks can handle savings products and bank wealth management products through investment and wealth management accounts opened by banks.

As well as ** products, large banks can also purchase treasury bonds through the banking system. Due to the wide distribution of bank outlets, investment and wealth management accounts opened through banking channels can be handled at the bank counter. In terms of insurance companies, investment and wealth management products such as life insurance and property insurance can be purchased through investment and wealth management accounts opened by insurance companies.

In terms of companies, the investment and wealth management accounts opened through the application of **companies can be used** (including A shares.

B shares, H shares.

etc.), bonds (including treasury bonds, corporate bonds.

Corporate bonds, etc.), ** (including financial**, such as stock index**.

foreign exchange, commodities, such as agricultural products, etc.) and a series of investment and financial management tools for investment and financial management. **Account opening can be handled at the business department of each **company, which needs to be handled within the trading day. Some ** companies can make online appointments through various provinces**, and the account opening time through the appointment is correspondingly more flexible, and can support account opening on Saturdays and Sundays.

Seven tips for investing and managing money.

Tip 1: Bookkeeping.

Tip 2: Live within your means.

Tip 3: Accumulate your original bankroll, the sooner the better.

Tip 4: Don't pay everything with a credit card.

Tip 5: Don't invest blindly.

Tip 6: Invest in yourself.

Tip 7: Insure yourself and protect your parents.

Margin trading business refers to the business of ** company lending funds to customers for them to sell ** or issuing ** for them to sell.

** Transactions arising from margin trading are referred to as margin transactions.

Margin trading is divided into two categories: margin trading and securities lending transactions, where the customer borrows funds from the ** company to buy the ** is called a margin transaction, and the customer sells to the ** company as a securities lending transaction.

The two financial services are "financing and securities lending", and those with the letter R can be traded on margin and securities lending in the chain talk.

1. Financing transaction: Financing transaction is equivalent to you using your own principal or holding ** as collateral to borrow money from the **company where you opened an account to buy****.

It contains the letter "r", of course, the money is not lent to you for nothing, and there is interest to borrow this money. 2. Easy to exchange for securities lending: Securities lending transactions also use your own principal or ** held as collateral, but this time it is not to borrow money from the **company where you opened an account, but to borrow, and the **** contains letters"r"(This is generally used to go short).

Of course, ** is not lent to you for nothing, and it also needs interest.

Extended Materials. **Common Terms:

1. Capital market.

The capital market refers to the financial market that finances and operates for more than one year in the medium and long-term capital loans.

The money market is a financial market that operates short-term financing within one year, and those who need funds raise long-term funds through the capital market and short-term funds through the money market.

2. **:** is a share certificate issued by the shareholder to the investor when raising capital, representing the ownership of the shareholding company by its holder. It has the following basic characteristics:

Non-repayable, participatory, yieldive (usually preferred investment during periods of high inflation), liquidity, volatility and risk.

3. Bonds: Bonds are issued to investors when financial institutions, industrial and commercial enterprises and other institutions directly borrow from the society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to the agreed conditions. It has the following characteristics:

Repayment, liquidity, security, profitability.

4. Convertible**: It is a kind of convertible corporate bond that its holder has the right to convert into another different nature.

and convertible preferred shares.

5. Warrants: Issued by the issuer of the index or a third party other than it, the holder has the right to purchase or target from the issuer as agreed within the specified period or a specific maturity date, or to collect the settlement difference in cash settlement.