Core Viewpoint - The recent reduction in deposit interest rates by banks has led to a corresponding drop in the margin interest rates for brokerage clients, now reaching a historical low of 0.05%, aligning with the benchmark rate for bank demand deposits [1][2]. Group 1: Interest Rate Changes - Major brokerages such as GF Securities and Minsheng Securities have announced a uniform adjustment of the annual interest rate for client RMB margin accounts to 0.05% [1]. - The interest rate for margin accounts has seen multiple reductions, from 0.25% in September 2022 to 0.1% in January 2023, and finally to 0.05% in May 2024 [2]. - The reduction in margin interest rates is closely linked to the trend of bank interest rate cuts, following a "bank rate cut → brokerage follow-up" logic [2]. Group 2: Financial Impact - With the margin interest rate dropping from 0.1% to 0.05%, brokerages could reduce their annual interest expenses by approximately 150 million yuan, assuming a margin fund scale of 300 billion yuan [2]. - The total balance of client transaction settlement funds across 150 securities firms reached 2.58 trillion yuan by the end of 2024, a significant increase of over 46% compared to 1.76 trillion yuan in 2023 [2]. Group 3: Investment Strategies - In response to low interest rates, investors are encouraged to diversify their asset allocation, utilizing various financial tools available within brokerage ecosystems [3]. - Brokerage clients can consider money market funds and cash management products for liquidity reserves, allowing for easy transactions without affecting stock trading [3]. - Some brokerages offer margin wealth management products that automatically transfer idle funds into higher-yielding investments overnight, enhancing returns compared to standard demand deposit rates [4].