Margin financing balance across Shanghai and Shenzhen rises 2.337B yuan

The incremental rise is modest against a combined book above 2.6 trillion yuan, so the signal is one of steady leverage accumulation rather than a shift in risk appetite. Shenzhen contributed more of the daily gain than Shanghai, hinting that the marginal appetite sits in smaller, growth-leaning names. Whether this gradual climb continues — and whether it broadens across both exchanges — is the open question for gauging how much borrowed money is underpinning current turnover.