Q: What arrangements have the China Securities Regulatory Commission made recently to further strengthen the supervision of securities lending business? Answer: After research, it has been decided that I will propose three measures to further strengthen supervision over the securities lending business: firstly, suspend the scale of new securities companies to be converted into securities lending, with the current balance of converted securities lending as the upper limit, suspend the scale of new securities companies to be converted into securities lending in accordance with the law, and gradually settle the stock; The second is to require securities companies to strengthen the management of customer trading behavior and strictly prohibit providing securities lending to investors who use securities lending to implement intraday reversal trading (disguised as T+0 trading); Thirdly, we will continue to increase regulatory and law enforcement efforts. We will crack down on illegal and irregular activities such as improper arbitrage through securities lending transactions in accordance with the law, ensuring the smooth operation of securities lending business. Recently, I have taken a series of measures to strengthen supervision on the securities lending business based on market conditions. Since the implementation of the relevant system, the balance of securities lending has decreased by 24%, and has now dropped to 63.7 billion yuan, accounting for 0.1% of the circulating market value of A-shares. (Lai Xin She)