What is a two way financing? What is the balance of two financings

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 types of financing funds are the funds for margin transactions and securities lending transactions.

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 general, margin trading.

The key lies in the word "finance", and investors with "financing" must provide certain guarantees and pay certain fees, and return the borrowed funds within the agreed period.

Extended information: Margin trading, compared with ordinary ** transactions, has great differences in many aspects, which can be summarized as follows:

1. Margin requirements are different.

Investors who engage in ordinary ** trading must submit 100% margin, that is, **** must deposit sufficient funds in advance, and sell ** must hold sufficient ** in advance. However, engaging in margin trading is different, investors only need to pay a certain margin to buy and sell (buy long and sell short) at a certain multiple of the margin.

2. The legal relationship is different.

When an investor engages in ordinary ** transactions, there is only a relationship of entrustment between him and ** company; When engaging in margin trading, there is not only a relationship of entrustment trading between it and the company, but also a relationship of funds or loans, so it is necessary to pay a certain percentage of margin to the company in the form of cash or ** in advance.

3. Risk taking and trading rights are different.

When investors engage in ordinary trading, the risk is entirely at their own risk, so they can buy and sell almost everything on the exchange.

** varieties listed and traded (except for a few special varieties with special requirements for investors participating in the transaction); When engaging in margin trading, if you cannot repay the funds on time and in full, it will also bring risks to the company.

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.

Financing refers to the financing and securities lending business, and financing refers to the investor borrowing funds from the company and repaying the principal and interest within the agreed period; Securities lending refers to the fact that investors borrow from the company to sell, and within the agreed period, the same quantity and variety will be returned to the brokerage company and pay the corresponding fees.

Extended information: ** (stock) is a part of the ownership of the joint-stock company, and it is also a certificate of ownership issued by the joint-stock company to each owner as a shareholding certificate in order to raise funds and obtain dividends and auspicious bonuses.

**It is a long-term credit instrument in the capital market, which can be transferred, bought and sold, and shareholders can share the company's profits with it, but also bear the risk caused by the company's operating errors. Each share** represents a shareholder's ownership of a basic unit of the business. Every public company will issue a **.

Each copy of the same category** represents equal ownership of the company. The size of the ownership share of the company owned by each owner depends on the proportion of the number of shares held by the owner in the total share capital of the company. ** is a component of the capital of a joint-stock company, which can be transferred, bought and sold, and is the main long-term credit instrument of the capital market, but the company cannot be required to return its capital contribution.

A shares. The official name of the company is RMB Ordinary **.

It is an ordinary share issued by a company in China and used by domestic institutions, organizations or individuals (excluding Taiwan, Hong Kong and Macao investors) to subscribe and trade in RMB**, China's A-share market.

After several years of rapid development, it has begun to take shape.

B. The official name of the company is RMB Special **.

It is marked with the face value of RMB, subscribed and traded in foreign currency, and listed and traded on the domestic (Shanghai, Shenzhen)** exchanges. Its investors are limited to: foreign natural persons, legal persons and other organizations, Hong Kong, Macao and Taiwan.

Natural persons, legal persons and other organizations, Chinese citizens residing abroad.

H shares. That is, foreign shares registered in the Mainland and listed in Hong Kong. The English word for Hong Kong is Hongkong, and foreign shares listed in Hong Kong are called H shares. N shares refer to those registered in Chinese mainland and in New York (New York

Listed foreign shares.

Common stock refers to the shares that enjoy ordinary rights in the company's operation and management, profits and distribution of property, and represent the right to claim the profits and remaining property of the company after satisfying all the claims and the claims of the preferred shareholders.

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.

The balance of the two financing is the collective name of the margin balance, and the increase in this indicator means that the market is strong. In reality, financing means **, securities lending means selling, both are opposite operations.

If users want to get a good return on investment, they need to take advantage of the trend in operation, borrow and lend securities when they fall sharply, and raise funds when they are **, but it should be noted that with margin financing and securities lending, the trading volume of the entire market will increase accordingly, so the balance of financing and securities lending is generally used as a sign of the general trend of the market.