The balance of margin financing and securities lending approaches the 2.5 trillion yuan mark, with brokerages pursuing both "expanding scale" and "controlling risk" simultaneously

Recently, the balance of margin financing and securities lending in the A-share market has shown a fluctuating upward trend, gradually approaching the 2.5 trillion yuan mark, far exceeding historical levels and continuously setting new stage highs, indicating an increasing activity of market leverage funds. Against this backdrop, brokerages face the dual challenge of "expanding scale" and "controlling risk." In this regard, Zheng Lei, chief economist of Samoyed Cloud Technology Group, stated in an interview with reporters that under the current market environment, brokerages' margin business strategies need to seek a dynamic balance between "expanding scale" and "controlling risk," flexibly responding to market changes through refined and differentiated risk control measures, while continuously monitoring changes in risk indicators and the implementation of emergency mechanisms to ensure the stable development of their business