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Article 2
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To conduct securities trading margin purchase and short sale business, a securities firm shall require approval from the competent authority.
The term "margin purchase" refers to a securities firm providing monetary financing to its customers; the term "short sale" refers to a securities firm lending securities to its customers.
The competent authority may, depending on domestic economic and financial status and securities market conditions, restrict applications by securities firms to conduct margin purchase and short sale business.
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