A股再创新纪录！两融余额首次突破2.4万亿元

Group 1 - The core viewpoint is that the A-share market's margin trading balance has reached a historic high, surpassing 2.4 trillion yuan for the first time as of September 17, 2025, reaching 24,054 billion yuan [1][3] - Since August 2025, the margin trading balance has rapidly increased, breaking through several key thresholds, including 20 trillion yuan, 21 trillion yuan, 22 trillion yuan, 23 trillion yuan, and finally 24 trillion yuan [5][6] - The cumulative growth of the margin trading balance this year has exceeded 500 billion yuan, with significant contributions from the last two months, where August saw an increase of approximately 276.5 billion yuan and September an increase of about 144.1 billion yuan [6] Group 2 - Despite the continuous growth in margin trading balance, its proportion relative to the A-share market's circulating market value remains relatively stable, standing at 2.51% as of September 17, 2025, which is slightly elevated compared to recent averages but still far from historical peaks [7] - The proportion of margin trading volume to the total A-share trading volume has also remained stable, at 11.83% on September 17, 2025, comparable to recent averages, while historically it exceeded 20% during peak periods in 2015 [8]