转融券试点推出,我国股市做空制度日益成型,投资者和监管层都将面临全新的考验。三年前,融资融券业务开闸,A股告别单边市;三年后,转融券业务问世,A股真正迈入做空时代。2013年2月28日,在市场的千呼万唤声中,转融券业务终于从幕后走到台前。自此,中国转融通业务只能转融资不能转融券的“跛脚”状态终于画上了休止符。作为试点业务,转融券业务将由中国证券金融公司(下称“证金公司”)向11家试点券商融出证券,以供这些券 The launching of the pilot launch of the voucher system has taken shape and the investors and regulators are facing a completely new test. Three years ago, margin trading brokerage, A shares bid farewell to unilateral cities; three years later, the emergence of the revolving business, A shares really into the short era. February 28, 2013, in the long-awaited sound of the market, the voucher business finally came to the stage from behind the scenes. Since then, China’s refinancing business can only refinancing the financing can not be refilled “lame ” state finally draw a rest. As a pilot business, the coupon redemption business will be financed by securities companies of China Securities (hereinafter referred to as “margin companies”) to 11 pilot securities companies for the coupons