According to Articles 25 and 26 in the “SSE Detailed Rules for Implementation of Margin Trading and Securities Lending”, the Shanghai Stock Exchange (SSE) hereby makes the following notice for relevant issues of taking ETFs as underlying securities of margin trading and securities lending:
1. Any ETF which meets the following requirements could be taken as an underlying security of margin trading and securities lending after it traded on the SSE for at least 5 trading days:
a. The average daily asset size is not smaller than RMB10 billion;
b. The number of fund holders is not less than 10,000; and
c. The number of the constituent stocks tracking indices is not less than 30, with the total market capitalization not less than RMB500 billion.
2. The SSE could adjust the above requirements according to the market demands.
3. The Notice will take effect as of the issuance day.