两融余额突破2.4万亿，月内两家券商提额超两成抢市场

Core Viewpoint - The article discusses the recent increase in margin financing limits by several securities firms, reflecting the robust growth of the margin trading market in the A-share market, with the total margin balance reaching 2.43 trillion yuan as of September 24, 2023 [3][8]. Summary by Sections Margin Financing Business Expansion - Zheshang Securities announced an increase in its margin financing business limit from 40 billion yuan to 50 billion yuan, a 25% increase [5]. - Huayin Securities also raised its credit business limit from 6.2 billion yuan to 8 billion yuan, marking a nearly 30% increase [5]. - The overall trend indicates that securities firms are focusing on expanding their margin financing client base to capture market share amid declining commission rates [3][6]. Market Performance and Growth - The margin balance has significantly increased from approximately 1.8 trillion yuan on June 23 to over 2.4 trillion yuan, with an increase of about 600 billion yuan since the market rally began [8]. - As of September 24, the margin balance comprised 2.41 trillion yuan in financing and 169.75 billion yuan in securities lending [8]. - The number of individual investors participating in margin trading has risen to approximately 7.68 million, an increase of about 200,000 since July [8]. Revenue and Financial Performance - The margin financing business is becoming a crucial growth driver for securities firms, with nearly 40 listed firms reporting a year-on-year increase in margin interest income [6]. - Major firms like Guotai Junan, CITIC Securities, and Huatai Securities reported significant margin interest revenues of 3.83 billion yuan, 3.69 billion yuan, and 3.51 billion yuan, respectively, in the first half of the year [6]. Risk Management and Control - Securities firms are enhancing risk control measures for margin financing businesses, implementing strict monitoring of high-risk stocks and customer positions [9][10]. - Firms have established mechanisms for market risk and asset risk monitoring to mitigate potential risks associated with margin trading [10].