Securities firms engage in intense price wars for margin trading, customers provide screenshots to request lower interest rates for comparison.

"The market is heating up, and recently a margin trading large client asked us to lower the financing interest rate, ultimately set at below 3% annualized." A branch manager of a securities firm revealed that in order to retain this old client, the financing interest rate given is lower than the mortgage interest rate, already approaching the funding cost of the securities firm. Wind data shows that as of August 25, the total margin trading balance of the Shanghai and Shenzhen stock markets reached 2.18327 trillion yuan, hitting a new high again after ten years. Investor demand for margin financing is increasing, but the price war of margin trading commissions and interest rates is intensifying. Many securities industry insiders stated that some top securities firms have continued to lower margin trading interest rates to industry-new lows, and the overall interest margin is approaching the breakeven point.