外媒:中國散戶追捧微信炒股 證券監管難度增大
A growing number of China's retail investors are opening trading accounts on messaging and social media app WeChat, and some institutional investors are even using it to instruct brokers, making it harder for regulators to monitor trades and spot illegal activity, traders and investors told Reuters.
近日，交易者和投資者接受路透社採訪時表示，越來越多的中國散戶在聊天和社交媒體應用微信上開設交易賬號，部分機構投資者甚至利用微信向券商下達交易指令，導致監管者越來越難以監控交易行爲和識別違法活動。While using mobile messaging and social media apps for trading is not unlawful in China, regulations require reliable monitoring and recording of trades to prevent activities such as insider trading or market manipulation, and to keep on top of threats to market stability such as excessive margin trading.
雖然使用移動通訊和社交媒體應用程序進行交易在中國是不合法的，監管者要求提供可靠的監控和記錄交易情況，以防止內幕交易和市場操縱等不當行爲，防範保證金交易過度等市場穩定性風險。
China Securities Regulatory Commission (CSRC) has been clamping down on breaches, including fining four brokerages in September for failing to collect information about the identities of clients who traded stocks through external systems.
中國證券監督管理委員會（證監會）一直在打擊違規行爲，例如9月份處罰了四家券商，因他們未能收集通過外部系統交易股票的客戶身份信息。
It also shut down third-party trading software used by brokers that helped traders skirt regulations by dividing one account into many sub-accounts without the need to register a name, according to local media.
據本地媒體報導，證監會還關閉了第三方交易軟件。經紀商利用這類軟件可以把一個賬戶分成多個子賬戶，而且無須登記姓名，從而幫助交易商避開監管。Even so, using apps to buy and sell stocks over mobile phones is common in a country where retail investors account for 80 percent of share market volume.
即便如此，在散戶交易量佔到80%的中國，在手機上通過應用軟件買賣股票很常見。Despite closer scrutiny from China's regulators, brokerages including large listed firms like China Galaxy Securities and smaller entities such as Great Wall Securities, started offering WeChat share trading account services last year in a bid to access the growing pool of retail traders.
儘管中國監管部門加強了審查，但銀河證券等大型上市券商以及長城證券等較小券商去年開始提供微信股票交易帳戶服務，以吸引不斷擴大的散戶羣體。China Galaxy Securities and Great Wall Securities did not return requests for comment.
銀河證券和長城證券未迴應置評請求。Overall account openings swelled to around 46 million in the first half of 2015, from around 2 million over the same period in 2014, according to official data. For brokers, the advantages of using WeChat are obvious, since it is the preferred means of communication for many of its 600 million users.
官方數據顯示，2015年上半年，開戶總數增至約4600萬個，2014年同期爲200萬個。對於經紀商來說，使用微信的優勢很明顯，因爲在6億微信用戶中，微信是很多人的首選交流工具。But a case in Hong Kong last month highlights regulators' concerns with the trend.
但上個月香港發生的一件事，凸顯了監管機構對該趨勢的擔憂。The regulator there suspended a trader for receiving a buy order on WhatsApp, a messaging app owned by Facebook Inc, in breach of the internal communication policies of the firm he then worked for, BTIG, noting that the company had no control over the recording and retention of such messages.
香港證監會上個月將一名交易員的執照吊銷三個月，該交易員當時在BTIG工作，通過Facebook旗下訊息應用WhatsApp接到了一個買單，這違反了BTIG的內部通訊政策，BTIG無法對這類信息的記錄和保留進行管控。
