纽约期金日内大涨2.00%，现报3976.90美元/盎司。

Turnover in nine popular broad-market ETFs reached 48.9 bln yuan, exceeding last Friday's full-day turnover and up 97% versus the same time last Friday (24.7 bln yuan at that time). The nine ETFs: CSI 300 ETF Huatai‑PB (510300), CSI 300 ETF Harvest (159919), CSI 300 ETF E Fund (510310), CSI 300 ETF ChinaAMC (510330), ChiNext ETF E Fund (159915), STAR 50 ETF ChinaAMC (588000), SSE 50 ETF ChinaAMC (510050), CSI 500 ETF Southern Asset Management (510500), CSI 1000 ETF Southern Asset Management (512100).

CSRC will coordinate with the Shanghai, Shenzhen and Beijing exchanges to guide brokerages in a consolidated review and optimization of margin financing and securities lending risk controls — including the financing margin ratio, haircuts on securities eligible as collateral, and maintenance margin requirements — while preserving policy flexibility. The exchanges raised the financing margin ratio from 80% to 100% in Jan 2026, which helped slow procyclical leverage accumulation; recently outstanding margin balances and trading activity have dropped and overall leverage has steadied. Provided overall risks remain controllable and under statutory countercyclical arrangements, CSRC plans to moderately release financing capacity to mobilize idle funds, bolster liquidity and support investor confidence.