Article 16 A securities firm conducting securities lending business shall enter into a securities lending agreement with each customer, and shall open one and only one securities lending account for each customer.

• 第16条证券商办理有价证券借贷业务，应与客户签订有价证券借贷契约，并开立有价证券借贷交易帐户，每一客户以开立一户为限。