China margin financing balance falls by about 39.05 billion yuan as of 30 September
In short
Margin financing balances on the Shanghai and Shenzhen stock exchanges totalled 2,532.42 billion yuan as of 30 September, down about 39.05 billion yuan from the previous trading day, CLS, 36Kr and Jiemian reported. Shanghai's balance fell 22.96 billion yuan to 1,296.52 billion yuan, and Shenzhen's fell about 16.09 billion yuan to 1,235.90 billion yuan.
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The margin financing balance on China's two stock exchanges fell by about 39.05 billion yuan to 2,532.42 billion yuan as of 30 September compared with the previous trading day, according to reports published on 8 October by CLS, 36Kr and Jiemian. On the Shanghai Stock Exchange the balance stood at 1,296.52 billion yuan, down 22.96 billion yuan, while on the Shenzhen Stock Exchange it stood at 1,235.90 billion yuan. [ 1 , 2 , 3 ]
The outlets differ slightly on the size of the decline. CLS and Jiemian put the Shenzhen drop at 16.09 billion yuan and the combined drop at 39.052 billion yuan, while 36Kr reported 16.091 billion yuan and 39.053 billion yuan respectively. All three reported the same balances for both exchanges and the same Shanghai decline. None of the reports gave a reason for the fall. [ 1 , 2 , 3 ]
Why it matters
The margin financing balance measures how much investors have borrowed to buy shares on the two exchanges, and the figure was reported by business and tech outlets as a market data item. The reports give the one-day change only and do not explain the decline.
Key facts
- As of 30 September, the combined margin financing balance of the Shanghai and Shenzhen exchanges was 2,532.42 billion yuan (25,324.19 亿元). [ 1 , 2 , 3 ]
- The combined balance fell by 39.052 billion yuan from the previous trading day according to CLS and Jiemian, and by 39.053 billion yuan according to 36Kr. [ 1 , 2 , 3 ]
- The Shanghai Stock Exchange margin financing balance was 1,296.52 billion yuan, down 22.96 billion yuan from the previous trading day. [ 1 , 2 , 3 ]
- The Shenzhen Stock Exchange margin financing balance was 1,235.90 billion yuan, down 16.09 billion yuan according to CLS and Jiemian, or 16.091 billion yuan according to 36Kr. [ 1 , 2 , 3 ]
- The figures were published on 8 October. [ 1 , 2 , 3 ]
Confirmed by several sources
- The combined Shanghai and Shenzhen margin financing balance was 2,532.42 billion yuan as of 30 September. [ 1 , 2 , 3 ]
- The Shanghai Stock Exchange margin financing balance was 1,296.52 billion yuan, down 22.96 billion yuan from the previous trading day. [ 1 , 2 , 3 ]
- The Shenzhen Stock Exchange margin financing balance was 1,235.90 billion yuan. [ 1 , 2 , 3 ]
- The combined balance fell by about 39.05 billion yuan from the previous trading day. [ 1 , 2 , 3 ]
Still unclear
- The exact size of the Shenzhen and combined declines. CLS and Jiemian report 16.09 billion and 39.052 billion yuan; 36Kr reports 16.091 billion and 39.053 billion yuan.
- Why the margin financing balance fell. None of the reports gives a cause.