"Securities Union" Will Rewrite Capital Market Layout
ANBOUND
The State Council recently issued new "Guo Jiu Tiao"(nine advices that promote healthy capital market) and securities trader innovation conference is about to take place. Thirty securities institutions led by CITIC and Guojun intend to establish a unified payment platform. From ANBOUND's point of view, the super account that trades all kinds of assets (including non-standard assets) will rewrite China’s capital market layout. However, the innovation under controllable risks is a practical problem that requires a set of regulatory system that centers on the “securities union”.