Raised from 80% to 100%, the Shanghai, Shenzhen, and Beijing Stock Exchanges have increased the minimum margin requirement for financing!

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On January 14, 2026, with the approval of the China Securities Regulatory Commission, the Shanghai, Shenzhen, and Beijing Stock Exchanges issued a notice to adjust the margin financing ratio, raising the minimum margin requirement for investors financing the purchase of securities from 80% to 100%.

In August 2023, the Shanghai, Shenzhen, and Beijing Stock Exchanges lowered the margin financing ratio from 100% to 80%, leading to a steady increase in financing scale and trading volume. Recently, margin trading has become significantly more active and market liquidity is relatively abundant. According to the statutory counter-cyclical adjustment arrangement, appropriately raising the margin financing ratio back to 100% is conducive to moderately reducing leverage levels, effectively protecting the legitimate rights and interests of investors, and promoting the long-term stable and healthy development of the market.

It should be noted that this adjustment is limited to new margin financing contracts. Existing margin contracts and their extensions prior to the implementation of this adjustment will still be executed according to previous regulations.

Risk Warning and DisclaimerThe market involves risks and investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment based on this is at your own risk.

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