两融余额重返2万亿元以上 随着近期A股市场整体上行，A股市场两融余额规模整体也在持续攀升。数据显示，截至2025年8月5日，A股市场两融余额约20003亿元，为时隔 十年重返2万亿元以上。 数据显示，A股市场两融余额在去年9月达到近年的阶段低点，一度不足1.4万亿元。去年9月下旬以来，两融余额开启一轮大级别升势，至今年3 月一度突破1.9万亿元。此后A股市场出现调整，两融余额也随之下滑，在今年4月份一度滑落至1.8万亿元出头。 两融余额时隔十年重返2万亿元以上。 随着近期A股市场整体上行，两融余额规模整体也在持续攀升。截至2025年8月5日，A股市场两融余额约20003亿元，为时隔十年重返2万亿元以 上，其中的融资余额则创出2015年7月1日之后最近十年以来新高。 在A股市场两融余额和融资余额总体持续增长的同时，融券余额近段时间总体也有所增长，不过总体仍保持较低"水位"。 8月6日，A股市场三大股指整体小幅上涨，上证指数逼近前期高点。截至中午收盘，上证指数上涨0.27%，深证成指上涨0.46%，创业板指上涨 0.39%。 随着6月下旬开始A股市场开启新一轮持续升势，两融余额总体再度持续增长，直到目前突破2万亿 ...

Core Viewpoint - The margin trading balance in the A-share market has exceeded 2 trillion yuan for the first time in ten years, reaching approximately 20,003 billion yuan as of August 5, 2025, indicating a significant recovery in market activity [1][2]. Group 1: Margin Trading Balance - The margin trading balance in the A-share market has been on a continuous rise, having reached a recent high not seen since July 1, 2015 [1][5]. - The margin trading balance had previously dropped to a low of less than 1.4 trillion yuan in September of the previous year, but has since experienced a substantial increase [2][5]. - Following a market adjustment in April, the margin trading balance fell to just above 1.8 trillion yuan, but began to rise again from late June, surpassing the 2 trillion yuan mark [3][5]. Group 2: Financing Balance - The growth in the margin trading balance is primarily driven by an increase in the financing balance, which has shown a similar upward trend [5]. - The financing balance also reached a low of less than 1.4 trillion yuan in September last year, but has since rebounded, reaching 19,863 billion yuan by August 5, 2025, marking a significant increase of nearly 200 billion yuan in just over a month [5][6]. - Daily trading volumes for margin trading have fluctuated, with a notable increase from a low of under 500 billion yuan in September to exceeding 4 trillion yuan on October 8, 2024, before stabilizing above 1 trillion yuan in recent trading days [5][6]. Group 3: Securities Lending Balance - The securities lending balance has also seen a slight increase recently, rising to approximately 139 billion yuan as of August 5, 2025, although it remains at a relatively low level compared to historical peaks [6][7]. - The securities lending balance had previously dropped below 120 billion yuan in late June but has since increased by about 20 billion yuan over the past month [6][8]. - Historical data indicates that the securities lending balance once exceeded 1,000 billion yuan, reaching a peak of approximately 1,739 billion yuan on September 10, 2021 [7].

Core Viewpoint - The total margin balance in the A-share market has exceeded 2 trillion yuan for the first time in ten years, reaching approximately 20,003 billion yuan as of August 5, 2025, driven by a significant increase in financing balance [2][4][6]. Group 1: Margin Balance Trends - The margin balance in the A-share market has been on a continuous rise, starting from a low of nearly 1.4 trillion yuan in September of the previous year, and has since experienced a substantial increase, surpassing 1.9 trillion yuan by March of this year [4][6]. - Following a market adjustment in April, the margin balance fell to just above 1.8 trillion yuan, but began to rise again from late June, ultimately breaking the 2 trillion yuan mark [4][6]. Group 2: Financing and Margin Trading - The growth in the margin balance is primarily attributed to the increase in financing balance, which reached a new high of 19,863 billion yuan as of August 5, 2025, marking the highest level in nearly ten years since July 1, 2015 [6][7]. - The daily trading volume of margin transactions has also seen significant fluctuations, with a notable increase from a low of under 500 billion yuan in September last year to exceeding 4 trillion yuan on October 8, 2024, before stabilizing above 1 trillion yuan in recent trading days [6][7]. Group 3: Securities Lending Balance - The securities lending balance has also seen a recent uptick, rising from a low of approximately 120 billion yuan in mid to late June to around 139 billion yuan by August 5, 2025, reflecting an increase of about 20 billion yuan over the past month [7]. - Historically, the securities lending balance has exceeded 1 trillion yuan, peaking at approximately 1,739 billion yuan on September 10, 2021, but has remained at lower levels in recent years due to market changes and adjustments in margin trading policies [7].

以幅度进行统计，医药生物行业融资余额增幅最高，最新融资余额为1493.17亿元，环比增长1.17%，其 次是传媒、国防军工、机械设备行业，环比增幅分别为0.95%、0.94%、0.82%；融资余额环比降幅居前 的行业有纺织服饰、轻工制造、银行等，最新融资余额分别有71.84亿元、135.82亿元、622.09亿元，分 别下降2.11%、1.17%、0.75%。（数据宝） 8月5日各行业融资余额环比变动 | 代码 | 最新融资余额（亿元） | 较上一日增减（亿元） | 环比增幅（%） | | --- | --- | --- | --- | | 电子 | 2282.20 | 17.87 | 0.79 | | 医药生物 | 1493.17 | 17.20 | 1.17 | | 电力设备 | 1431.06 | 8.78 | 0.62 | | 机械设备 | 1049.45 | 8.57 | 0.82 | | 计算机 | 1538.07 | 8.17 | 0.53 | | 国防军工 | 723.92 | 6.72 | 0.94 | | 基础化工 | 845.62 | 5.95 | 0.71 | | 传媒 | 438.7 ...

从开户数量来看，增量资金持续进场，但是否很强烈？ 去年7月份开户数量114万户，前后时间6月开户数量是107万户，8月开户数量是99万户，这三个月是行情最惨的时候，可以发现最惨的时候都差不多还有 100万户的基础量。 有时候有些玄学不得不信，每次我聊完军工，第二天一般都表现不好，即使现在行情氛围很好，但今天军工指数依然来了个冲高回落，跑输大盘。 纯粹是我的锅 今天在银行+券商带动上涨的情况下，上涨家数超过3900家，成交额接近1.6万亿，略放量，普涨行情，氛围依然不错，短暂修整后看来是继续向上了。 2025年7月，A股市场新开户数达196万户，同比增长71%，环比增长19%。 情绪热烈的阶段，从9.24以来，分别有两个阶段，分别是10-11月，分别是683万户，269万户。 今年2-3月份炒作机器人，AI主题的时候，分别是282万户，305万户。 所以现在200万户左右的数量，可以理解为增量资金有进场，但从情绪上来看，不算强烈，这个从我们身在市场，身边的亲戚朋友啥的可以感觉出来 即使现在已经3600点左右，很多人还在质疑不相信牛市。 这可能是因为4.7日以来，行情都是小碎步稳步上涨的原因，没有之前轰轰烈烈的那 ...

分市场来看，沪市两融余额为10081.88亿元，一周增加205.51亿元，其中，融资余额一周增加204.83亿 元，融券余额一周增加6748.02万元；深市两融余额9654.34亿元，一周增加118.50亿元，融资余额一周 增加119.23亿元，融券余额一周减少7285.22万元；北交所两融余额为62.35亿元，一周增加2805.04万 元，其中，融资余额一周增加2781.08万元，融券余额一周增加23.96万元。（数据宝） 一周深沪北两融余额变动 | 日期 | 两融余额 | 两融余额环比增 | 融资余额 | 融资余额环比增 | 融券余额 | 融券余额环比增 | | --- | --- | --- | --- | --- | --- | --- | | | （亿元） | 减（亿元） | （亿元） | 减（亿元） | （亿元） | 减（亿元） | | 2025.08.01 | 19798.57 | -49.69 | 19662.74 | -47.53 | 135.83 | -2.16 | | 2025.07.31 | 19848.27 | 0.79 | 19710.27 | 4.32 | 137.99 | -3 ...

杠杆资金买入A股超2000亿 7月融资余额已连续9个交易日破1.9万亿 智通财经8月1日电，截至7月31日，A股融资余额为1.97万亿，7月以来，A股已连续9个交易日融资余额 突破1.9万亿。昨日A股单日融资买入额高达2047亿元，7月以来已有2个交易日单日融资买入额突破2000 亿。不过，在资金积极入场的同时，昨日融资偿还额也达到2043亿元的高位，这一数据位列今年以来融 资偿还额第三，单日融资净买入额为4亿元。作为衡量杠杆资金活跃度的重要指标，昨日融资买入额占 A股成交额比例达10.43%，7月以来该数据已连续9个交易日超10%，杠杆资金持续活跃。（智通财经记 者 王晨） ...

本轮融资余额持续增长始于6月23日，截至最新，融资资金已连续六周净买入超百亿元，累计金额达到1674.73亿元。历史行情显示，融资资金连续六周及 以上净买入的情况共出现过七次，其中前三次发生在2014年和2015年，后三次则集中在2024年"9·24"行情后。 6月23日以来，融资资金净买入居前的个股集中于算力、半导体、新能源汽车等科技赛道，共有56股累计净买入超5亿元，如CPO龙头新易盛净买入41.21 亿元，居于榜首，中科曙光、中际旭创亦上榜；半导体概念菲利华、澜起科技、寒武纪-U等个股上榜；新能源汽车概念股比亚迪、宁德时代、国轩高科 等也上榜。 校对 陶善工 扬子晚报网8月1日讯（记者 范晓林 薄云峰）截至7月29日，A股市场融资余额达到19684.21亿元，创2015年7月3日以来新高。沪市融资余额突破万亿元大 关，达到10008.36亿元，为2015年7月8日以来10年新高，深市融资余额达到9612.51亿元，刷新历史纪录。 市场融资余额一览表 ...

Core Points - As of July 31, the financing balance on the Shanghai Stock Exchange is reported at 1,000.963 billion yuan, a decrease of 0.0266 billion yuan from the previous trading day [1] - The financing balance on the Shenzhen Stock Exchange is reported at 963.735 billion yuan, an increase of 0.0709 billion yuan from the previous trading day [1] - The total financing balance for both exchanges is 1,964.698 billion yuan, reflecting an increase of 0.0443 billion yuan from the previous trading day [1] - Financing clients have maintained a net buying position for nine consecutive days, totaling 81.454 billion yuan [1]

Group 1 - The core viewpoint of the articles highlights the significant increase in A-share financing balance, which has reached 1.97 trillion yuan, marking a nearly 10-year high, with a notable rise in individual investor participation and market activity [1][2][3] - A-share financing balance has seen continuous growth for three months, with a total increase of 194.9 billion yuan, indicating a strong influx of leveraged funds into the market [1][3] - The recent surge in financing balance is seen as a reflection of improved market sentiment and risk appetite among investors, with financing funds acting as a key indicator of market trends [2][3] Group 2 - Analysts suggest that the increase in financing balance signifies a heightened willingness among investors to take on risk, often leading to accelerated market movements, particularly in bullish phases [2][3] - Historical patterns indicate that rising financing balances can serve as a precursor to broader market rallies, as seen in previous bull markets [3] - The current market environment is characterized by increased trading activity and a shift in investor sentiment, with both institutional and individual investors contributing to the rising financing balance [3]