China Securities Depository and Clearing Corporation Limited: Account verification is a routine operation and not a special arrangement for "off-exchange margin financing."

BlockBeats News, May 14th, according to Securities Daily report, recently, some rumors have interpreted the China Securities Depository and Clearing Corporation Limited (CSDC) account verification as "strictly investigating off-exchange margin financing". Reporters learned from CSDC that the account verification is a routine business conducted by CSDC and some securities firms every quarter in accordance with years of practice. Its purpose is to confirm whether investors' securities accounts are registered under real names. There is no special arrangement targeting the so-called "investigation of off-exchange margin financing" as rumored online. The speculation and dissemination on the internet are severely inconsistent with the facts. (FX168)