Margin Financing Balance Hits RMB 2.62 Trillion; 78 Stocks Exceed 10% Ratio
As of September 8, 2026, the market's margin financing balance stood at RMB 2,622.634 billion, accounting for 2.63% of total A-share float market value. Among stocks eligible for margin trading, 78 had financing balances exceeding 10% of their float market value. Fujian Cement led with a 17.72% ratio, followed by Xinkai Technology at 16.99% and Jiali Chuang at 15.42%. The average float market value of these high-ratio stocks was RMB 6.16 billion.
On September 8, 2026, the market's margin financing balance was RMB 2,622.634 billion, representing 2.63% of the total float market value of A-shares. Among the stocks eligible for margin trading, 78 had a financing balance exceeding 10% of their float market value; 1,149 stocks had a ratio between 5% and 10%; 2,340 stocks had a ratio between 1% and 5%; and 298 stocks had a ratio of no more than 1%.
Fujian Cement had the highest financing balance as a percentage of float market value, with a latest balance of RMB 422 million, or 17.72% of its float market value, down 0.38% on the day. Xinkai Technology and Jiali Chuang followed with ratios of 16.99% and 15.42%, respectively. In terms of float market value, the average for stocks with a financing balance ratio exceeding 10% was RMB 6.16 billion; for the top ten stocks by ratio, the average was RMB 4.914 billion. Fujian Cement's latest float market value was RMB 2.383 billion.
On valuation, among stocks with a financing balance ratio above 10%, 32 had a dynamic price-to-earnings (P/E) ratio above 50 times, 6 had a ratio between 30 and 50 times, and 15 had a ratio below 30 times. The lowest P/E was Dongfang Jinggong, with a dynamic P/E of 2.31 times; Feinan Resources and Taishan Petroleum also had dynamic P/E ratios below 20 times. By board, 33 of these stocks were on the ChiNext, 17 on the STAR Market, and 28 on the main board. By industry, they were concentrated in electronics (14), machinery and equipment (13), and power equipment (12).
According to trading rules, when a single stock's margin monitoring indicator reaches 25%, the exchange may suspend margin buying of that stock on the next trading day and announce this to the market.