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约2.3万亿元!A股新纪录!
Zheng Quan Shi Bao·2025-09-02 03:28

Core Viewpoint - The margin trading balance in the A-share market has reached a historical high, indicating increased market activity and investor engagement [4][5][7]. Group 1: Margin Trading Balance - As of September 1, 2025, the margin trading balance is approximately 22,970 billion yuan, surpassing previous highs and setting a new record [2][5]. - Since August 2025, the margin trading balance has consistently broken through significant thresholds, reaching over 20,000 billion yuan, 21,000 billion yuan, and 22,000 billion yuan [3][7]. - The margin trading balance has increased by over 3,000 billion yuan during August 2025, with 19 out of 22 trading days showing growth [7]. Group 2: Financing Balance - The financing balance, a key component of the margin trading balance, reached approximately 22,808 billion yuan as of September 1, 2025, also marking a historical high [3][9]. - The financing balance has been the primary driver of the overall margin trading balance growth [9]. - On September 1, 2025, the financing balance saw a single-day increase of about 354 billion yuan [9]. Group 3: Trading Volume and Market Activity - The daily margin trading volume has remained high, with September 1, 2025, recording a trading volume of 3,239 billion yuan, marking the sixth consecutive day above 3,000 billion yuan [9]. - From August 13, 2025, the margin trading volume has exceeded 2,000 billion yuan for 14 consecutive trading days [9]. - The proportion of margin trading volume to total A-share trading volume was 11.66% on September 1, 2025, compared to over 20% during the peak in 2015 [9]. Group 4: Market Capitalization Ratio - The margin trading balance accounted for 2.42% of the A-share market's circulating market value as of September 1, 2025, which is significantly lower than the historical peak of over 4% in mid-2015 [10].