China Securities Data: new margin-financing and securities-lending accounts
totaled 108,900 in September, up 1.4% from August’s 107,400 and down 46.98% YoY
from 205,400. Total margin accounts at end-September were 16.7678 mln, +1.1276
mln vs start-2026 (15.6402 mln). Market average collateral ratio fell to 268.38%
from 282.22% at end-August.