Shanghai and Shenzhen margin balances rise 6.62 billion yuan to 2.27 trillion

Leverage is creeping back into onshore equities, and the split between the two exchanges is telling: Shenzhen added slightly more than Shanghai, hinting that risk appetite is concentrated in the growth-heavy southern market rather than the large-cap north. The move matters because margin balances are a real-time gauge of domestic conviction, and a combined 2.27 trillion yuan base means incremental shifts of this size are small in percentage terms but directionally meaningful. Whether the build continues across both venues, or narrows to one, is the open question worth tracking.