TREE NEWS reports: China Securities Finance data shows 108,900 new margin trading and securities lending accounts were opened in September, up 1.4% from 107,400 in August but down 46.98% from 205,400 a year earlier. By end-September, total margin accounts stood at 16.7678 million, up 1.1276 million from 15.6402 million at the start of the year, while the market-wide average collateral ratio fell to 268.38% from 282.22% at end-August.
China Margin Trading New Accounts Hit 108,900 in September, Up 1.4% MoM
AI take
The year-on-year collapse in new margin accounts alongside a rising cumulative total suggests leverage demand is cooling even as the existing base expands, a divergence worth noting. The sharper signal is the falling collateral ratio: less buffer against margin calls, which matters more than the headline account count for market stability. Whether the ratio keeps sliding is the open question.
Generated by AI for reference only.
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