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CHINA STOCKS
Thursday’s China Securities Finance Corporation data shows that margin use in Chinese equities continued to fall even with benchmark indices ticking further away from cycle lows.
- A reminder that we have pointed to a mix of signs of the curbing of short margined positions and levered longs using the bounce to exit positions as likely contributors to the extension of the recent pull away from the Dec ’23 highs in the metric (the level of margin deployed is now 14% below that extreme).
- Mainland Chinese markets are closed until 19 Feb owing to the new year holiday period.
Fig. 1: China Outstanding Margin Balance (CNY 000 Mn)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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