A股两融余额创出历史新高！连续11周保持正增长

Core Viewpoint - The A-share market has seen a significant increase in activity, with the margin trading balance reaching a historical high, indicating strong investor participation and capital inflow [2][3]. Group 1: Margin Trading Balance - As of September 1, the A-share margin trading balance reached 22,969.91 billion yuan, surpassing the previous peak of 22,730.35 billion yuan set on June 18, 2015, with an increase of 356.42 billion yuan from the previous day [2]. - The margin trading balance has maintained positive growth for 11 consecutive weeks since June 23, accumulating an increase of 4,845.1 billion yuan, representing a growth rate of over 26% [3]. Group 2: Investor Participation - The number of investors participating in margin trading has significantly increased, with over 500,000 participants since August 13, peaking at 672,300 on August 25, far exceeding the average of 282,300 from the previous year [4]. - As of September 1, the number of individual investors engaged in margin trading reached 7,614,800, an increase of 387,000 from the end of last year, while the number of institutional investors decreased to 50,064, down by 2,184 [4]. Group 3: Funding Preferences - Recent financing funds have shown a strong preference for the electronic industry, with a net inflow of 1,034.08 billion yuan since June 23, accounting for over 20% of the total market net inflow [5]. - The electronic industry has experienced a year-to-date index increase of nearly 35%, with a 18.51% year-on-year growth in revenue and a 28.92% increase in net profit for the first half of the year [5]. - Notably, among the top 10 stocks with net financing purchases exceeding 4 billion yuan since June 23, four belong to the electronic sector, with Shenghong Technology leading at 7.948 billion yuan [5].