China Settlement: Account verification is a routine operation and not a special arrangement for "checking off-market financing."

On May 14, according to the “Shanghai Securities News”, there have been rumors interpreting the recent account verification by China Securities Depository and Clearing Corporation as a “strict investigation of off-exchange financing”. Journalists learned from China Securities that the account verification is a routine business organized quarterly by China Securities in accordance with years of practice, aimed at confirming whether investors’ securities accounts are used under real names. There is no special arrangement targeting the so-called “investigation of off-exchange financing” as rumored online. The speculation circulating online is seriously inconsistent with the facts. (Jin10)