The Study Of Hong Kong Margin Guarantee Mechanism

The guarantee mechanism is the core part of margin trading. The currentdesign of the structure of the margin guarantee mechanism in mainland Chinaconflict with China’s relevant laws and regulations, which bring a lot of legaldifficulties and practical obstacles. Therefore, to build a margin guaranteemechanism consistent with the practice in our country has become a pressingmatter of the moment, it is necessary to study deeply. The construction of HongKong margin guarantee mechanism, making the market of margin trading inHong Kong achieves good effect in ten years of development time; it is worthmainland China to learn.This article is focus on the Hong Kong margin guarantee mechanism,introduces the basic situation, the problems and countermeasures of margintrading and its guarantee mechanism of Hong Kong; elaborates the essence ofthe margin guarantee mechanism in Hong Kong and the way to realize themechanism, in order to clear and definite the margin guarantee mechanism inHong Kong is mortgage; compares the differences in legal settings of marginguarantee mechanism and attitude to the mortgage system between the mainlandChina and Hong Kong; mainland China do not introduce mortgage system,leading to the existence of many problems and disputes in the respect of themargin guarantee mechanism. By analyzing the introduction of mortgage for thetheoretical basis and practical needs, put forward to propose the idea of marginguarantee mechanism, special civil law model is recommended to establish themortgage system of margin guarantee mechanism.