A-shares are crazy about fundraising: the scale of margin trading has increased significantly, with some institutions reducing bond holdings and increasing stock holdings.
Many insiders in the industry have said that since last week, funds have been rushing into the market with heightened enthusiasm. Some securities firms have reported a significant increase in the size of client margin deposits. Many investors are willing to sacrifice interest income to transfer large amount certificates of deposit. In the current situation where the interest rates for large amount certificates of deposit on the market are generally below 1.6%, some banks have been selling large amount certificates of deposit with expected annualized returns of around 3%. However, compared to October last year, retail investors in this round of market growth trend towards rationality, with many retail investors indirectly entering the market through tools such as ETFs, but the enthusiasm of new retail investors is not as high as in October last year. Institutional funds are entering the market actively, including insurance funds, industrial capital, and other institutional funds. Some asset management institutions have also reduced their fixed income products and increased their holdings of equity assets.
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