Balance of margin financing on China's Shanghai and Shenzhen bourses fell to 904.05 billion yuan on September 30, China Securities Journal reported on Friday. Analysts deem that the room for continuously sharp declines of the margin financing balance is limited and the de-leveraging process for the margin financing business has come to its later stage.
Therefore, it is also of little possibility for capital doing leveraging trade on the domestic stock market to continue to flee out of the market and cause sharp ups and downs, said the analysts, adding that the market is expected to post steady and orderly correction in the short run, they added.
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