China A-share Margin Balances Fall 1.059B Yuan to 2.6168T

The decline is small in absolute terms against a 2.6-trillion-yuan base, and it is concentrated almost entirely in Shenzhen, where the drop is roughly seventy times Shanghai's. That asymmetry, rather than the headline figure, is the detail worth noting: it hints at differing leverage appetite between the two venues on this single reading. One session of deleveraging is not a trend, so whether Shenzhen's balance keeps falling while Shanghai holds steady is the open question.