Core Viewpoint - The total margin balance of the Sci-Tech Innovation Board decreased slightly to 294.76 billion yuan on January 22, 2026, indicating a minor decline in trading activity compared to the previous day [1] Recent Margin Trading Overview - On January 22, 2026, the total margin balance was 2947.57 billion yuan, down by 1.41 billion yuan from the previous trading day [1] - The financing balance was 2936.96 billion yuan, a decrease of 1.26 billion yuan from the previous day [1] - The securities lending balance was 10.60 billion yuan, which decreased by 14.74 million yuan compared to the previous trading day [1] Historical Margin Trading Data - The total margin balance on January 21, 2026, was 2948.98 billion yuan, reflecting an increase of 3.13 billion yuan from January 20, 2026 [1] - On January 20, 2026, the total margin balance was 2945.85 billion yuan, which was a decrease of 22.70 billion yuan from January 19, 2026 [1] - The margin balance has shown fluctuations over the past weeks, with notable increases and decreases, such as a rise of 53.49 billion yuan on January 16, 2026, and a drop of 25.75 billion yuan on December 31, 2025 [1]

Core Viewpoint - The total margin balance of the STAR Market reached 289.075 billion yuan on January 14, 2026, marking an increase of 0.168 billion yuan from the previous trading day, continuing a trend of increases over three consecutive trading days [1] Recent Margin Trading Overview - On January 14, 2026, the financing balance was 288.040 billion yuan, up by 0.152 billion yuan from the previous day, while the securities lending balance was 1.035 billion yuan, increasing by 16.1179 million yuan [1] - The margin balance on January 13, 2026, was 288.907 billion yuan, with an increase of 1.128 billion yuan; the financing balance was 287.888 billion yuan, and the securities lending balance was 1.019 billion yuan [1] - On January 12, 2026, the margin balance was 287.780 billion yuan, reflecting an increase of 5.172 billion yuan; the financing balance was 286.710 billion yuan, and the securities lending balance was 1.069 billion yuan [1] - The margin balance on January 9, 2026, was 282.608 billion yuan, showing a decrease of 1.048 billion yuan; the financing balance was 281.563 billion yuan, and the securities lending balance was 1.045 billion yuan [1] - The margin balance on January 8, 2026, was 283.657 billion yuan, with an increase of 3.671 billion yuan; the financing balance was 282.630 billion yuan, and the securities lending balance was 1.026 billion yuan [1]

Core Viewpoint - The total margin balance of the STAR Market reached 287.78 billion yuan on January 12, 2026, reflecting an increase of 5.172 billion yuan from the previous trading day [1] Group 1: Margin Balance Overview - The financing balance amounted to 286.71 billion yuan, increasing by 5.147 billion yuan compared to the previous trading day [1] - The securities lending balance was 1.069 billion yuan, which rose by 24.207 million yuan from the previous trading day [1] Group 2: Recent Margin Trading Trends - On January 9, 2026, the total margin balance was 282.61 billion yuan, showing a decrease of 1.048 billion yuan from the previous day [1] - The margin balance on January 8, 2026, was 283.66 billion yuan, with an increase of 3.671 billion yuan [1] - The margin balance on January 7, 2026, was 279.99 billion yuan, reflecting an increase of 3.631 billion yuan [1]

Core Viewpoint - The total margin balance of the STAR Market reached 273.83 billion yuan on December 30, 2025, marking an increase of 1.18 billion yuan from the previous trading day, continuing a trend of growth for 10 consecutive trading days [1] Recent Margin Trading Overview - The financing balance amounted to 272.88 billion yuan, increasing by 1.19 billion yuan compared to the previous trading day [1] - The securities lending balance was recorded at 0.0953 billion yuan, showing a decrease of 9.08 million yuan from the previous trading day [1] Daily Margin Balance Changes - On December 29, 2025, the total margin balance was 272.65 billion yuan, with an increase of 0.89 billion yuan [1] - On December 26, 2025, the total margin balance was 271.76 billion yuan, reflecting an increase of 0.38 billion yuan [1] - The margin balance on December 25, 2025, was 271.38 billion yuan, which was an increase of 2.09 billion yuan [1] - The margin balance on December 24, 2025, was 269.29 billion yuan, with an increase of 1.95 billion yuan [1] - The margin balance on December 23, 2025, was 267.33 billion yuan, showing an increase of 2.28 billion yuan [1]

Group 1 - The total margin balance of the STAR Market reached 272.647 billion yuan on December 29, 2025, an increase of 0.0892 billion yuan from the previous trading day, marking the ninth consecutive day of increase [1] - The financing balance amounted to 271.685 billion yuan, increasing by 0.0882 billion yuan, while the securities lending balance was 0.0962 billion yuan, up by 0.0097376 billion yuan from the previous day [1] - The margin balance has shown a consistent upward trend over the past nine trading days, indicating growing investor confidence in the STAR Market [1] Group 2 - The margin balance data for the STAR Market over the past few days shows fluctuations, with notable increases on December 25 (20.91 billion yuan) and December 24 (19.54 billion yuan) [1] - The financing balance has also seen significant changes, with a peak of 271.685 billion yuan on December 29, reflecting a steady increase in investor activity [1] - The securities lending balance has remained relatively stable, with minor fluctuations, indicating a balanced approach to margin trading in the market [1]

Group 1 - The total margin financing balance of the Sci-Tech Innovation Board increased by 2.27 billion yuan, reaching 267.33 billion yuan as of December 23, marking a continuous increase for five trading days [1] - The highest margin financing balance is held by Cambrian, with a balance of 15.54 billion yuan, followed by SMIC and Haiguang Information with balances of 13.02 billion yuan and 7.39 billion yuan respectively [1] - A total of 328 stocks on the Sci-Tech Innovation Board saw an increase in margin financing balance, while 264 stocks experienced a decrease [1] Group 2 - The highest margin short-selling balance is held by Haiguang Information at 35 million yuan, followed by Cambrian and SMIC with balances of 31 million yuan and 26 million yuan respectively [2] - Among the 206 stocks, the margin short-selling balance increased, while 207 stocks saw a decrease [2] - Significant increases in margin short-selling balance were observed in Nanya New Materials, Shijia Photon, and AsiaInfo Security, with increases of 3704.37%, 2256.64%, and 2123.55% respectively [2] Group 3 - The margin financing balance rankings show that He Lin Wei Na, Mei Ai Ke Ji, and Ding Tong Ke Ji had the largest increases in margin financing balance, with increases of 52.69%, 31.61%, and 21.80% respectively [3] - The margin short-selling balance for Shijia Photon saw a significant increase of 2256.64%, while other companies like Shen Gong Co., Shanda Diwei, and Fuxin Technology experienced a 100% decrease [2][3]

Core Insights - The total margin balance of the STAR Market reached 261.641 billion yuan on December 9, 2025, an increase of 0.886 billion yuan from the previous trading day, marking a continuous increase for four consecutive trading days [1] Summary of Recent Margin Trading Activity - On December 9, 2025, the financing balance was 260.731 billion yuan, up by 0.894 billion yuan from the previous day, while the securities lending balance decreased to 0.091 billion yuan, down by 0.0079496 billion yuan [1] - The margin balance on December 8, 2025, was 260.755 billion yuan, with an increase of 2.089 billion yuan; the financing balance was 259.837 billion yuan, and the securities lending balance was 0.0918 billion yuan [1] - The margin balance on December 5, 2025, was 258.666 billion yuan, reflecting an increase of 0.956 billion yuan; the financing balance was 257.764 billion yuan, and the securities lending balance was 0.0902 billion yuan [1] - The margin balance on December 4, 2025, was 257.710 billion yuan, with an increase of 0.544 billion yuan; the financing balance was 256.828 billion yuan, and the securities lending balance was 0.0882 billion yuan [1] - The margin balance on December 3, 2025, was 257.166 billion yuan, showing a decrease of 1.236 billion yuan; the financing balance was 256.280 billion yuan, and the securities lending balance was 0.0886 billion yuan [1]

Core Insights - The total margin balance of the STAR Market reached 258.66 billion yuan on December 5, 2025, an increase of 0.96 billion yuan from the previous trading day [1] Recent Margin Trading Overview - The financing balance amounted to 257.76 billion yuan, increasing by 0.937 billion yuan compared to the previous day [1] - The securities lending balance was 0.0902 billion yuan, which rose by 19.503 million yuan from the previous trading day [1] Daily Margin Balance Changes - On December 4, 2025, the total margin balance was 257.71 billion yuan, with an increase of 0.544 billion yuan [1] - On December 3, 2025, the total margin balance decreased to 257.17 billion yuan, a drop of 1.236 billion yuan [1] - The highest margin balance recorded in the past days was 260.90 billion yuan on November 6, 2025 [1] - The margin balance fluctuated significantly, with a notable decrease of 4.73 billion yuan on November 14, 2025 [1]

Core Viewpoint - The total margin balance of the STAR Market reached 256.468 billion yuan on November 28, 2025, marking an increase of 0.397 billion yuan from the previous trading day, continuing a five-day upward trend [1] Recent Margin Trading Overview - On November 28, 2025, the financing balance was 255.599 billion yuan, up by 0.379 billion yuan from the previous day, while the securities lending balance was 0.0869 billion yuan, increasing by 18.0742 million yuan [1] - The margin balance has shown a consistent increase over the last five trading days, with the following notable figures: - November 27: 256.071 billion yuan, an increase of 1.148 billion yuan - November 26: 254.923 billion yuan, an increase of 2.039 billion yuan - November 25: 252.884 billion yuan, an increase of 0.853 billion yuan - November 24: 252.030 billion yuan, an increase of 0.259 billion yuan [1] - The margin balance on November 21 was 251.772 billion yuan, which was a decrease of 4.746 billion yuan, indicating fluctuations in trading activity [1]

Core Viewpoint - The total margin balance of the STAR Market reached 256.07 billion yuan on November 27, 2025, marking an increase of 1.148 billion yuan from the previous trading day, continuing a trend of growth for four consecutive trading days [1] Summary by Category Margin Balance Overview - The total margin balance on November 27, 2025, was 2560.71 billion yuan, an increase of 11.48 million yuan from the previous day [1] - The financing balance was 2552.20 billion yuan, up by 11.70 million yuan from the previous trading day [1] - The securities lending balance was 8.51 billion yuan, a decrease of 21.59 million yuan from the previous day [1] Daily Changes in Margin Balance - On November 26, 2025, the total margin balance was 2549.23 billion yuan, with an increase of 20.39 million yuan [1] - On November 25, 2025, the total margin balance was 2528.84 billion yuan, reflecting an increase of 8.53 million yuan [1] - On November 24, 2025, the total margin balance was 2520.30 billion yuan, with an increase of 2.59 million yuan [1] - On November 21, 2025, the total margin balance was 2517.72 billion yuan, showing a decrease of 47.46 million yuan [1]