Zhejiang Merchants Securities has increased the upper limit of its financing business scale to 50 billion.

The latest announcement from Zheshang Securities shows that in order to promote the development of credit business and effectively control the scale of financing business, the board of directors has agreed to increase the scale of financing business from 40 billion yuan to 50 billion yuan. Previously, the thirtieth board of directors meeting of Zheshang Securities approved the setting of the upper limit of the scale of financing business at 40 billion yuan. Industry insiders analyze that this increase in the upper limit of the scale of financing business is based on the hot demand for margin trading in the market, and other securities firms such as Xingye Securities and Hualin Securities have also raised their limits this year. Data shows that the margin trading balance of A-shares exceeded 2.4 trillion yuan yesterday.