（文章来源：证券时报网） | 日期 | 两融余额（亿元） | 较上一交易日增减（亿元） | 融资余额（亿元） | 融券余额（亿元） | | --- | --- | --- | --- | --- | | 2025.11.21 | 2517.72 | -47.46 | 2509.07 | 8.65 | | 2025.11.20 | 2565.18 | -18.22 | 2556.18 | 9.00 | | 2025.11.19 | 2583.39 | -11.62 | 2574.12 | 9.28 | | 2025.11.18 | 2595.01 | 14.98 | 2585.78 | 9.23 | | 2025.11.17 | 2580.03 | -2.57 | 2570.91 | 9.12 | | 2025.11.14 | 2582.60 | -4.73 | 2573.67 | 8.93 | | 2025.11.13 | 2587.33 | 4.71 | 2578.18 | 9.16 | | 2025.11.12 | 2582.63 | -8.74 | 2573.63 | 8.99 | | 2025.11. ...

Core Viewpoint - The total margin trading balance on the STAR Market reached 258.733 billion yuan on November 13, 2025, reflecting an increase of 0.471 billion yuan from the previous trading day [1] Recent Margin Trading Overview - The financing balance amounted to 257.818 billion yuan, increasing by 0.455 billion yuan compared to the previous day [1] - The securities lending balance was 0.0916 billion yuan, which is an increase of 16.331 million yuan from the previous trading day [1] Daily Margin Trading Data - On November 12, 2025, the total margin trading balance was 258.263 billion yuan, showing a decrease of 0.874 billion yuan [1] - On November 11, 2025, the total margin trading balance was 259.136 billion yuan, down by 0.927 billion yuan [1] - On November 10, 2025, the total margin trading balance was 260.063 billion yuan, decreasing by 0.327 billion yuan [1] - On November 7, 2025, the total margin trading balance was 260.390 billion yuan, down by 0.418 billion yuan [1] - On November 6, 2025, the total margin trading balance was 260.808 billion yuan, which increased by 3.808 billion yuan [1]

Core Viewpoint - The margin trading balance on the STAR Market decreased to 258.26 billion yuan on November 12, 2025, marking a reduction of 0.87 billion yuan from the previous trading day, continuing a downward trend for four consecutive trading days [1] Recent Margin Trading Overview - The financing balance reached 257.36 billion yuan, down by 0.85 billion yuan from the previous day [1] - The securities lending balance was recorded at 0.90 billion yuan, decreasing by 19.86 million yuan compared to the previous trading day [1] Daily Margin Trading Data - On November 11, 2025, the total margin trading balance was 259.14 billion yuan, reflecting a decrease of 0.93 billion yuan [1] - On November 10, 2025, the total margin trading balance was 260.06 billion yuan, down by 0.33 billion yuan [1] - On November 6, 2025, the total margin trading balance increased by 3.81 billion yuan to 260.81 billion yuan [1] - The highest recorded margin trading balance in the recent period was 260.81 billion yuan on November 6, 2025 [1]

Core Insights - The total margin balance on the STAR Market as of November 10 is 260.063 billion yuan, a decrease of 0.327 billion yuan from the previous trading day [1] - The financing balance is 259.128 billion yuan, down by 0.338 billion yuan, while the securities lending balance increased to 0.0935 billion yuan, up by 0.011064 billion yuan [1] Recent Margin Trading Overview - On November 7, the total margin balance was 260.39 billion yuan, a decrease of 0.418 billion yuan from the previous day [1] - On November 6, the total margin balance increased by 3.808 billion yuan to 260.808 billion yuan [1] - The margin balance on November 5 was 257 billion yuan, down by 0.451 billion yuan [1] - The margin balance on November 4 was 257.452 billion yuan, a decrease of 0.311 billion yuan [1] - The margin balance on November 3 was 257.763 billion yuan, an increase of 0.0367 billion yuan [1] - The margin balance on October 31 was 257.396 billion yuan, down by 3.12 billion yuan [1] - The margin balance on October 30 was 260.516 billion yuan, an increase of 0.027 billion yuan [1] - The margin balance on October 29 was 260.246 billion yuan, an increase of 0.0632 billion yuan [1] - The margin balance on October 28 was 259.614 billion yuan, an increase of 0.1011 billion yuan [1] - The margin balance on October 27 was 258.603 billion yuan, an increase of 0.46 billion yuan [1] - The margin balance on October 24 was 254.004 billion yuan, an increase of 0.271 billion yuan [1] - The margin balance on October 23 was 251.294 billion yuan, a slight decrease of 0.0059 billion yuan [1] - The margin balance on October 22 was 251.353 billion yuan, an increase of 0.1892 billion yuan [1] - The margin balance on October 21 was 249.461 billion yuan, an increase of 0.2557 billion yuan [1] - The margin balance on October 20 was 246.904 billion yuan, down by 1.141 billion yuan [1] - The margin balance on October 17 was 248.044 billion yuan, down by 3.371 billion yuan [1] - The margin balance on October 16 was 251.416 billion yuan, an increase of 0.1305 billion yuan [1] - The margin balance on October 15 was 250.111 billion yuan, down by 0.607 billion yuan [1] - The margin balance on October 14 was 250.718 billion yuan, an increase of 0.063 billion yuan [1] - The margin balance on October 13 was 250.087 billion yuan, down by 0.0461 billion yuan [1] - The margin balance on October 10 was 250.548 billion yuan, down by 1.721 billion yuan [1] - The margin balance on October 9 was 252.269 billion yuan, an increase of 7.105 billion yuan [1] - The margin balance on September 30 was 245.165 billion yuan, down by 3.116 billion yuan [1] - The margin balance on September 29 was 248.281 billion yuan, down by 2.442 billion yuan [1] - The margin balance on September 26 was 250.722 billion yuan, down by 2.141 billion yuan [1] - The margin balance on September 25 was 252.864 billion yuan, an increase of 1.004 billion yuan [1] - The margin balance on September 24 was 251.860 billion yuan, an increase of 4.551 billion yuan [1] - The margin balance on September 23 was 247.310 billion yuan, an increase of 0.0285 billion yuan [1] - The margin balance on September 22 was 247.025 billion yuan, an increase of 1.497 billion yuan [1]

Core Insights - The total margin balance of the STAR Market reached 260.81 billion yuan on November 6, 2025, an increase of 3.81 billion yuan from the previous trading day [1] - The financing balance amounted to 259.85 billion yuan, up by 3.79 billion yuan, while the securities lending balance was 0.96 billion yuan, increasing by 20.14 million yuan [1] Recent Margin Trading Overview - On November 6, 2025, the total margin balance was 260.81 billion yuan, with a daily increase of 3.81 billion yuan [1] - The financing balance on the same day was 259.85 billion yuan, reflecting a rise of 3.79 billion yuan compared to the previous day [1] - The securities lending balance reached 0.96 billion yuan, marking an increase of 20.14 million yuan from the prior trading day [1] - The margin balance on November 5, 2025, was 257.00 billion yuan, showing a decrease of 0.45 billion yuan [1] - The margin balance fluctuated over the preceding days, with notable increases and decreases, indicating a dynamic trading environment [1]

Core Insights - The total margin balance of the STAR Market reached 259.614 billion yuan on October 28, 2025, marking an increase of 1.011 billion yuan from the previous trading day, continuing a trend of increases for three consecutive trading days [1] Recent Margin Trading Overview - On October 28, 2025, the financing balance was 258.677 billion yuan, up by 0.989 billion yuan from the previous day, while the securities lending balance was 0.937 billion yuan, increasing by 22.316 million yuan [1] - The margin balance on October 27, 2025, was 258.603 billion yuan, with a notable increase of 4.600 billion yuan from the previous day [1] - On October 24, 2025, the margin balance was 254.004 billion yuan, reflecting an increase of 2.710 billion yuan [1] - The margin balance on October 23, 2025, was 251.294 billion yuan, showing a slight decrease of 0.059 billion yuan [1] - The margin balance on October 22, 2025, was 251.353 billion yuan, with an increase of 1.892 billion yuan [1]

Summary of Key Points Core Viewpoint - The margin trading balance on the STAR Market reached 181.72 billion yuan on August 11, 2025, marking an increase of 850 million yuan from the previous trading day, continuing a streak of 21 consecutive trading days of growth [1]. Recent Margin Trading Overview - The total margin trading balance on August 11, 2025, was 1817.23 billion yuan, with a daily increase of 8.50 billion yuan [1]. - The financing balance was 1810.94 billion yuan, up by 8.26 billion yuan from the previous day [1]. - The securities lending balance was 6.29 billion yuan, which increased by 23.92 million yuan compared to the previous trading day [1]. Historical Data of Margin Trading - The margin trading balance has shown consistent growth over the past weeks, with notable increases on various dates: - August 8, 2025: 1808.74 billion yuan, up by 4.63 billion yuan [1]. - August 7, 2025: 1804.11 billion yuan, up by 22.04 billion yuan [1]. - August 6, 2025: 1782.07 billion yuan, up by 19.66 billion yuan [1]. - August 1, 2025: 1736.50 billion yuan, up by 3.99 billion yuan [1]. - The trend indicates a steady rise in both financing and securities lending balances over the observed period [1].

Core Insights - The total margin balance of the Sci-Tech Innovation Board reached 174.904 billion yuan on August 4, 2025, an increase of 1.254 billion yuan from the previous trading day, marking a continuous increase for 16 trading days [1] Summary by Category Margin Trading Overview - The financing balance amounted to 174.277 billion yuan, increasing by 1.244 billion yuan from the previous trading day [1] - The securities lending balance was 0.627 billion yuan, up by 9.6542 million yuan from the previous trading day [1] Recent Margin Balance Data - On August 1, 2025, the total margin balance was 173.650 billion yuan, with an increase of 0.399 billion yuan [1] - On July 31, 2025, the total margin balance was 173.251 billion yuan, reflecting an increase of 0.884 billion yuan [1] - The margin balance has shown consistent growth over the past weeks, with notable increases on July 29 (2.674 billion yuan) and July 28 (1.766 billion yuan) [1]

Core Insights - The total margin trading balance on the STAR Market reached 157.705 billion yuan as of June 30, 2025, marking an increase of 0.534 billion yuan from the previous trading day [1] Group 1: Margin Trading Overview - The financing balance amounted to 157.149 billion yuan, increasing by 0.513 billion yuan compared to the previous trading day [1] - The securities lending balance was 0.056 billion yuan, which is an increase of 21.736 million yuan from the previous trading day [1] - The margin trading balance has increased for six consecutive trading days [1] Group 2: Daily Margin Trading Data - On June 27, 2025, the total margin trading balance was 157.170 billion yuan, with a daily increase of 0.084 billion yuan [1] - On June 26, 2025, the total margin trading balance was 157.086 billion yuan, reflecting a daily increase of 1.256 billion yuan [1] - The margin trading balance on June 25, 2025, was 155.830 billion yuan, with an increase of 0.360 billion yuan from the previous day [1]

Core Viewpoint - The margin trading balance on the STAR Market decreased to 154.53 billion yuan on June 20, 2025, marking a reduction of 6.13 million yuan from the previous trading day, continuing a downward trend for three consecutive trading days [1] Recent Margin Trading Overview - On June 20, 2025, the total margin trading balance was 1545.29 billion yuan, down by 6.13 million yuan from June 19, 2025, which had a balance of 1551.42 billion yuan [1] - The financing balance on June 20, 2025, was 1540.40 billion yuan, a decrease of 6.09 million yuan from the previous day [1] - The securities lending balance on June 20, 2025, was 4.90 billion yuan, down by 420.41 thousand yuan from June 19, 2025 [1] - The margin trading balance has shown a consistent decline over the past three trading days, with the following balances recorded: - June 19: 1551.42 billion yuan, down 5.09 million yuan - June 18: 1556.51 billion yuan, down 2.21 million yuan - June 17: 1558.73 billion yuan, up 5.21 million yuan [1]