Study of the margin transactions and short-selling in China stock market

• Main Author: 王湘衡
• Other Authors: 王文杰
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/14461660373932986588

碩士 === 國立政治大學 === 法學院碩士在職專班 === 100 === Using the comparative law approach and the economics ananysis of law approach, this thesis studied securities law of margin trading in Mainland China. The margin trading mechanism was established in the Article 142 Securities Act 2005, and began on 31st Jan. 2010. This thesis first studied the definition, history and structure of margin trading. Then, by deploying economic analysis of law approach, it studied the margin trading rules of U.S, Taiwan and Mainland China in a comparatively way. Material issues were researched in the thesis: cash account, margin account, initial margin requirements, minimum maintenance requirements, securities lending, securities financing corporations, segregation of customer’s securities, short sale regulations, and guarantees. Based on above, this thesis reviewed the margin trading rules in Mainland China through legal, administrative, and market aspects. Finally, we proposed reform suggestions of the margin trading rules in Mainland China.