3分钟搞懂股市里的融资保证金啥意思！

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges have raised the minimum margin requirement for investors buying securities from 80% to 100% to cool down the overheated stock market and reduce leverage levels [5][34]. Group 1: Margin Requirements and Leverage - The increase in margin requirements is a response to the recent surge in the stock market and record high financing balances [5][34]. - Leverage in the capital market allows investors to borrow funds to purchase securities, thereby amplifying their investment capacity [9][12]. - A higher margin requirement reduces the maximum financing scale and consequently lowers the leverage effect, while a lower margin increases the potential borrowing amount [23][34]. Group 2: Financing Transactions - Investors can use cash or certain securities as collateral for margin requirements, but not all securities qualify [27]. - The adjustment in margin requirements applies only to newly opened financing contracts, indicating a targeted regulatory approach [36]. - Investors must repay borrowed funds either by selling securities or using cash, along with paying interest on the borrowed amount [38].