Margin trading balances continue to break records as securities firms compete to increase their credit limits and seize market share.

As the margin trading balance continues to hit record highs, securities firms are competing to increase credit limits to seize market share. On September 24, the margin trading balance of A-shares increased by over 140 billion yuan in a single day, reaching 2.43 trillion yuan, setting a new historical high. On the same day, Zheshang Securities announced that the board of directors has agreed to increase the size of the financing business from 400 billion yuan to 500 billion yuan in order to promote the development of credit business and manage the scale of financing business. In early September, Hualin Securities raised the total credit business limit to 8 billion yuan. Securities firms have successively increased credit limits for margin trading, conveying confidence in the future market outlook and signaling the beginning of a new round of competition in the industry around capital strength and risk control capabilities.