Shanghai and Shenzhen margin balances rise 7.49B yuan to 2.27T

The split matters more than the headline: Shenzhen's margin balance grew more than twice as fast as Shanghai's, suggesting leveraged appetite is concentrating in the smaller, more growth-oriented board rather than the large-cap venue. That skew is the signal worth tracking, since margin flows tend to amplify moves in whichever segment is absorbing them. Whether the Shenzhen-led pace persists, or reverts toward the more measured Shanghai trend, is the open question.