Margin trading balance reaches 2.3 trillion, securities firms increase credit limits to attract clients and grab market share.

Since the beginning of this month, the A-share market has experienced volatile adjustments, but financing clients remain enthusiastic, with the margin trading balance climbing to over 2.3 trillion yuan. Securities firms are also seizing market opportunities and expanding their related business. According to a recent announcement from Hualin Securities, the company has raised its total credit business scale to 8 billion yuan, which includes margin trading, stock pledge repurchase transactions funded with its own capital, specified repurchase securities trading, and other credit businesses. At the end of March, Hualin Securities had adjusted this business scale to 6.2 billion yuan. This year, the A-share market has been fluctuating upwards overall, with continuous active trading, especially in the past two months, the margin trading balance has been steadily increasing. Several securities firms have offered financing rates ranging from 4% to 5.5% to new margin trading clients. "In recent years, traditional income of securities firm branches has significantly declined, with a decrease in high-frequency trading clients, and facing a decline in commissions. In this context, some smaller branches will use margin trading, options, or equity pledge business for transformation," a manager of a medium-sized securities firm's branch told reporters. In securities firms' credit business, margin trading is a core pillar, and changes in its scale have a significant impact on the performance of securities firms. Wind statistics show that in the first half of this year, many listed securities firms achieved growth in margin trading interest income.