SINOLINK SECURITIES(SH:600109) Shang Hai Zheng Quan Bao·2025-08-27 06:21Core Viewpoint - Guojin Securities announced an adjustment to the financing margin ratio for securities, increasing it from 80% to 100% starting August 27, 2025, which is seen as a routine risk control measure based on the company's operational situation [1][3]. Company Summary - The adjustment follows a "new and old distinction" principle, where new financing contracts after August 27 will adhere to the new 100% margin ratio, while existing contracts will maintain their original margin ratio [3]. - This change will reduce the leverage level for investors; for instance, with a margin of 1 million yuan, the maximum financing amount will decrease from 1.25 million yuan (1.25x leverage) to 1 million yuan (1x leverage) [3]. Industry Summary - Currently, there are no other brokerage firms following suit with similar adjustments, indicating that this move may be specific to Guojin Securities [1][4]. - The overall margin balance in the A-share market remains stable, with the latest margin balance exceeding 2.2 trillion yuan, accounting for 2.34% of the A-share market's circulating value [4][5].