Beijing Business Daily: Moderately increasing the financing guarantee deposit ratio is conducive to reducing risk.

The Shanghai and Shenzhen Stock Exchanges have increased the financing margin ratio to a maximum of 100%, directly reducing the leverage ratio for investors purchasing stocks through margin trading. Investors need to invest more of their own funds to conduct the same scale of trading, thereby reducing investment risks and further increasing the safety range of margin trading. After reducing the leverage ratio, investors will be more cautious in their trading, and speculative trading will decrease, which helps reduce irrational fluctuations in the securities market, allowing stock prices to more accurately reflect the fundamentals of companies and market supply and demand. From a risk prevention perspective, the current moderate increase in the financing margin ratio is a preventative measure at the regulatory level. This year, the A-share market has shown signs of rapid recovery under policy favorability and expectations of economic recovery, with market sentiment continuing to heat up, leading to rapid price spikes in some margin trading targets and corresponding increased investment risks. At this time, tightening leverage moderately helps prevent some investors from excessively using leverage and blindly chasing highs in an optimistic market, avoiding potential accumulation of irrational bubbles.