券商持续发力两融 加杠杆尚有空间

Core Viewpoint - The margin financing balance in A-shares has remained above 2.5% for 19 consecutive trading days, indicating a strong recovery in the market and increased activity in margin trading by listed brokerages [1] Group 1: Margin Financing Balance - As of November 4, the margin financing balance in A-shares reached approximately 24.916 billion yuan, accounting for 2.57% of the circulating market value [1] - The margin financing balance has been above 2.5% for 19 consecutive trading days, reflecting sustained investor confidence and market recovery [1] Group 2: Brokerage Activity - Listed brokerages have significantly increased their margin financing activities, with the amount of funds lent out rising from 1.56 trillion yuan at the end of June to over 2 trillion yuan [1] - Current regulations allow brokerages to have a margin financing amount not exceeding four times their net capital, and most brokerages have not yet reached this limit [1]