A-share crazy fundraising: Margin scale greatly increased, some institutions reduced bond holdings and increased stock positions.

Several industry insiders pointed out that since last week, funds have been rushing into the market, and enthusiasm among investors has been on the rise. Some securities firms have reported a significant increase in the size of client margin. Many investors are willing to sacrifice interest income to transfer large-denomination certificates of deposit. In the current situation where the interest rates for large-denomination certificates of deposit generally are below 1.6%, some banks are offering to transfer these certificates with an expected annualized return of around 3%.