【中文版】

融资融券什么意思？

融资融券是指投资者通过向证券公司或银行等机构借入资金或证券来进行交易的一种投资方式。简单来说，融资就是投资者向机构借入资金来购买股票，融券则是投资者向机构借入股票来卖出。

融资融券交易又称“证券信用交易”，是指投资者在自有资金的基础上，向证券公司或银行等机构借入资金或证券来进行交易。这种投资方式允许投资者利用借来的资金或证券进行交易，增加了市场的活跃度和投资者的交易灵活性。

融资融券交易具有杠杆效应，投资者只需要提供一定的保证金作为抵押，就可以获得数倍于保证金的交易额度。同时，如果投资者的账户资产不足以偿还借入的资金或证券，证券公司或银行等机构有权强行平仓，即卖出投资者账户中的资产以收回本金和利息。

融资融券对于市场的影响主要表现在以下几个方面：首先，它可以增加市场的交易量，提高市场的活跃度和流动性；其次，它可以放大市场价格波动，增加市场的波动性和风险；最后，它可以增加投资者的交易策略和手段，促进市场的创新和发展。

总之，融资融券是一种利用信用杠杆进行交易的投资方式，它具有增加市场交易量、放大市场价格波动、增加投资者交易策略和手段等作用，但同时也需要投资者具备较高的风险承受能力和投资经验。

【英文版】

What is margin trading?

Margin trading refers to an investment method in which investors borrow funds or securities from securities companies or banks to trade. Simply put, margin is when an investor borrows funds from a brokerage firm to buy stocks, while shorting is when an investor borrows securities from a brokerage firm to sell.

Margin trading, also known as "securities credit trading", allows investors to use borrowed funds or securities to trade on their own. This investment method increases market liquidity and investors' trading flexibility.

Margin trading has a leverage effect, which means that investors only need to provide a certain amount of margin as collateral to obtain a trading limit several times greater than the margin. If the investor's account assets are not enough to repay the borrowed funds or securities, the brokerage firm or bank has the right to force liquidation by selling the investor's assets to recover principal and interest.

Margin trading has several effects on the market: first, it can increase market trading volume, enhance market liquidity and activity; second, it can amplify market price fluctuations, increase market volatility and risk; third, it can increase investors' trading strategies and tools, promote market innovation and development.

In summary, margin trading is an investment method that uses credit leverage to trade, which has the effects of increasing market trading volume, amplifying market price fluctuations, and increasing investors' trading strategies and tools. However, it also requires investors to have high risk tolerance and investment experience.