China Securities Depository and Clearing Corporation (CSDC) clarified that there are no special arrangements for investigating "off-market margin trading" as rumored online.
Reporters have noticed that recently, some rumors have interpreted the account verification of China Clearing House as "strictly investigating off-balance sheet margin trading." Reporters have learned from China Clearing House that the account verification is a routine business conducted by China Clearing House and some securities companies every quarter in accordance with their usual practices, aimed at confirming whether investors' securities accounts are used in real names. There is no special arrangement for checking off-balance sheet margin trading as rumored on the internet. The speculation and spread of rumors online are seriously inconsistent with the facts. Investors are advised not to believe or spread rumors.
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