Securities Times: Experts say that the margin trading balance returning to 2 trillion yuan after a decade is a reflection of market structure optimization.

After a decade, the margin trading and securities lending balance in the three northern cities of Shanghai and Shenzhen has once again exceeded 2 trillion yuan. Choice data shows that as of August 5, the margin trading balance in the three northern cities reached 2.00259 trillion yuan. Among them, the margin trading balance in Shanghai was 1.019227 trillion yuan, Shenzhen was 974.81 billion yuan, and the Beijing Stock Exchange market was 6.222 billion yuan. "The rebound in margin trading balance not only reflects the continued intervention of active funds and the recovery of the market itself, but also the direct manifestation of market structure optimization and the maturity of trading behavior, rather than a repeat of bubble prosperity." Yang Chao, Chief Strategy Analyst at China Galaxy Securities, said in an interview with reporters. Yang Chao said that the core driving force behind the breakthrough of the margin trading balance exceeding 2 trillion yuan in this round lies in the resonance of policy expectations and the rebound in market risk appetite.