Two sensitive messages were published over the weekend. Let's take a look: 1. margin financing and securities lending. This message looks pretty, but it is useless. As a brokerage, there are basically no funds and coupons available for financing, that is, a minority of brokers have a small amount of funds, and the brokers basically do not provide financial services to customers. As an institutional customer, it is not easy to finance the usury of securities firms, because there is no profit model for institutional margin lending in the securities market. The cake drawn by the researcher for margin lending is the moon in water. What about dummies? In fact, margin lending is only a subject design designed to offset stock index futures. 2. stock index futures. This is a double-edged sword! This is a major benefit for some investors. It brings a short-selling mechanism to the market, provides hedging and arbitrage measures, and provides great convenience for large and non-large organizations to deliver goods. It is of great benefit to professional investors, fund-raising institutions, large and small companies, Huijin companies, smart and lucky young retail investors, and unmarried female speculators! For another part of investors, stock index futures will divert funds from the market, gradually reducing the market price-to-earnings ratio and further depressing the long-term lazy. At the same time, stock index futures are more likely to make people feel dizzy with heatstroke, and the media will make it a more fatal blow to the victims, hand itch, ADHD, and permanent motivation. It is a major benefit for Growth Enterprise enthusiasts, fund-based investors, industry speculators, self-righteous young men, loan speculators, and brokerage consultants. 3. How to play. Financing can be used with risk-free arbitrage. Securities lending can be used with short stock index futures. The significance of stock index futures for successful users is hedging, no-risk arbitrage, and bear market short. For young men, it provides a legitimate opportunity to take risks and quickly succeed. For young women after 80 s and after 90 s, we should encourage our boyfriend to learn about "stock index futures" and practice stock index futures. Once he succeeds due to good luck, he can immediately gain financial freedom in his life. In case of failure, it doesn't matter, you can switch shares and try again (joke ).