Margin trading balance surpasses 2.4 trillion, two securities companies raise their credit limits by over 20% within the month to compete for the market.

As the margin balance reaches a high of 2.4 trillion yuan, more securities firms have announced an increase in the quota for margin financing business. Zhejiang Securities' latest announcement stated that the company's margin financing business size will be increased from 400 billion yuan to 500 billion yuan. Earlier this month, Hualin Securities also adjusted the total size of its credit business from 6.2 billion yuan to 8 billion yuan. In terms of composition, securities credit business usually includes margin financing and securities lending, stock pledge repo transactions with own funds, repurchase securities transactions, and other credit business. Among them, margin financing business is the core pillar. Since the second half of the year, with the significant recovery of the A-share market, margin clients have accelerated their entry, driving the margin balance to climb steadily. According to Zhongzheng data, as of September 24, the margin balance reached 2.43 trillion yuan. Against this backdrop, expanding margin clients and seizing market share has become a focus for securities firms. In the industry's view, under the backdrop of declining commission rates in the securities industry, capital intermediary businesses such as margin financing have become the focus of institutional transformation.