The balance of margin financing and securities lending continues to stand at over 2.6 trillion yuan, and some large and medium-sized securities firms have exhausted their margin financing funds.

In recent trading days, the balance of margin financing and securities lending has continued to exceed 2.6 trillion yuan. At the same time, at least two securities firms have already used up their margin financing quotas. Securities Times reporters have learned that the margin financing funds of some individual large and medium-sized securities firms have been exhausted. Although several securities firms have raised the limit of margin financing scale by 2025, with the market heating up, investors' margin financing demand is growing rapidly. As a result, the margin financing quotas of some securities firms are no longer sufficient. A credit business manager of a listed securities firm stated that the balance of margin financing continues to rise, but due to the simultaneous increase in market trading volume, the proportion of margin financing transactions to A-share trading volume has not surpassed that of 2015. On January 14th, the Shanghai and Shenzhen Stock Exchanges adjusted the margin guarantee ratio from 80% to 100%, attracting attention from various market participants.