The basis of stock trading income is the rise of stock market value, and its income is uncertain. The benefits of private lending are agreed in advance and are certain. The risk of stock comes from the decline of stock market value. The risk of private lending comes from the default of debt. The main person responsible for stock losses is generally the investor himself. The main person responsible for the loss of private lending is generally the debtor. They are essentially different.

Second, does it constitute a crime to use loan funds for stock trading?

It may be a crime to use loan funds for stock trading. Doing stocks and futures is a high-risk return. Generally speaking, when applying for a loan, you will be marked where the loan funds will be used to prevent bad debts. Once your loan funds are not used in your contract, you have the right to ask you to return the loan funds. If you want to be a stock, there are specialized margin financing and securities lending institutions.

Third, is it illegal to borrow stocks?

It is not illegal to borrow money for stock trading. Stock market lending, commonly known as "borrowing money for stock trading", refers to the mode that investors borrow money from others or brokers to operate stocks, and individuals bear the profits and losses, usually in the form of margin, and pay corresponding interest to others or brokers. At present, stock market lending is mainly divided into two types, one is brokerage financing, and the other is private borrowing money from securities accounts for stock trading.

Utility advantage

Compared with brokerage financing.

1, there is no threshold limit. At present, the standard threshold of securities firms' margin financing and securities lending business is high, requiring investors to have a minimum capital limit of 500 thousand yuan, excluding the majority of retail investors; Stock market lending can make it easier for retail investors to raise more funds for stock investment.

2. The leverage ratio is very high. The effectiveness of margin financing and securities lending lies in the amplification of leverage. At present, the ratio of margin financing and securities lending of brokers is 60%, and the value of margin account in stocks can only be converted into 60%, that is, the stock of 6.5438+0 million yuan can only raise 6.5438+0 million yuan for stock trading, and the leverage ratio is twice; The financing ratio of private stock market loans can reach 3~9 times, and all the funds are in a securities account, which is convenient for operation.

3. There is no price limit for the underlying stock. At present, the range of underlying securities selected by brokers is only the same as that of the constituent stocks of SSE 50 Index and Shenzhen Stock Exchange, and 90 stocks have been selected as the underlying stocks for margin financing and securities lending. As long as private stock market lending is not a stock without price restrictions, ST stocks can be operated, and there is a lot of room for stock operation.

4. The transaction rate is low. At present, the commission rate of brokerage financing and securities account trading is fixed at 2.8 ‰; The transaction commission rate of private stock market loans is usually 1.5‰, and the financing amount is likely to decrease a lot. Transaction costs vary greatly. For short-term investors who are used to it, a unilateral transaction of 65,438+00 a month will lead to a cost difference of 65,438+0.3%, so it doesn't matter whether the financing interest is 2% of the private sector or 0.8% of the securities firm.

5. Flexible lending time. At present, the shortest financing period for securities firms is 3 months and the longest is 6 months. Private stock market lending can be one month (few companies do this), and the longest can be one year or even longer.

6. The liquidation mechanism is flexible. At present, the financing liquidation line of securities firms is relatively high, which is 1.25 times the loan amount and is automatically sold by the computer system; Lending in the private stock market can only be closed when the loan amount is 1. 1 times. If you can't make up the deposit, you can negotiate to keep matching funds at 9 times of the remaining deposit and transfer the remaining funds out of the account.

Extended data:

operating procedure

Stock market lending requires investors to have a certain margin. The current method is generally triple financing, that is, the operation of stock market financing is 300,000 yuan, and there must be a deposit of 6,543,800 yuan, with a total of 400,000 yuan available for stock investment.

The borrower and the borrower need to sign a loan agreement, which stipulates the loan term, interest rate and liquidation line. The securities account must be a securities account opened by the lender.

Generally speaking, stock market loans are issued on an annual or quarterly basis, and some powerful companies also try to issue loans on a monthly or even daily basis (standard investments include monthly and daily loans).

At present, private stock market lending is still in the primary stage, and the relatively mature areas of financial development are not large. In cities such as Beijing, Shanghai and Shenzhen, most private equity companies raise funds. Wuhan Investment Company, owned by stock market celebrity Tan (stock hero, stock thinker), faces ordinary investors, with the best reputation and celebrity integrity guarantee.