Caida Securities(SH:600906) 券商中国·2026-02-13 03:53Core Viewpoint - The article discusses the recent trend of securities firms increasing their margin trading (two-in-one) limits in response to growing market demand and investor interest [1][5]. Group 1: Securities Firms Increasing Margin Trading Limits - Caida Securities plans to raise its credit trading business scale from a maximum of 100% to 140% of its audited net capital for 2024 [2]. - Other firms, including China Merchants Securities and Huatai Securities, have also announced increases in their margin trading limits, with China Merchants raising its limit from 150 billion to 250 billion yuan [3]. - The trend of increasing margin trading limits is not isolated, as several other firms like Shanxi Securities and Industrial Securities have also adjusted their limits upwards [4]. Group 2: Growth in Margin Trading Demand - The total margin trading balance in the market reached 2.66 trillion yuan as of February 10, 2026, up from 1.86 trillion yuan at the beginning of 2025, indicating an increase of approximately 800 billion yuan over the year [5]. - The number of new margin trading accounts has also surged, with 190,500 new accounts opened in January 2026, representing a month-on-month increase of 29.5% and a year-on-year increase of 157% [5]. - By the end of January 2026, the total number of margin trading accounts reached 15.8 million, reflecting a continuous upward trend in account numbers [6]. Group 3: Positive Outlook for Securities Firms' Performance - The rapid expansion of margin trading is expected to drive revenue growth for securities firms, with optimistic projections for net income from margin trading in 2025 [6]. - Forecasts suggest that brokerage and investment business revenues will grow significantly, with estimates of a 45% increase in brokerage income and a 57% increase in net interest income for 2025 [6]. - Data from the China Securities Association indicates that net interest income for 147 securities firms rose to 21.2 billion yuan in the first half of 2024, further increasing to 26.2 billion yuan in the first half of 2025, marking a year-on-year growth of 23.68% [6].