| In this article we explore the practical significance and feasibility of carrying out securities credit trade in China. Starting from the analysis of two big fundamental problems in our countries securities market, we firstly pose problems about the perniciousness of present illegal credit trade, then analyze the connotation of securities credit trade, introduce and evaluate the basic experience and forms of securities credit trading system in other main countries and areas, upon which we also dissect credit trading system and stock market fluctuating theory, comprehensively explore the feasibility of developing securities credit trade in China through policy and regulation, mainstay of market, market environment, technical preparation and market supervision, etc. In the end, we put forward the overall thinking, risk control and institutional arrangement of carrying out securities credit trade in China. |