Margin balances fall for 11 straight days, the longest streak in 23 months, as leveraged funds slash positions in 264 stocks

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Combined margin balances across the Shanghai, Shenzhen, and Beijing stock exchanges have declined for 11 consecutive trading days, marking the longest losing streak in 23 months. As of July 16, the total stood at 2.858156 trillion yuan, shrinking by 172.318 billion yuan over the period. According to Securities Times Data Treasure, the balance on that day dropped by 29.34 billion yuan from the previous session, with the financing balance at 2.837701 trillion yuan, down 28.653 billion yuan. By market, Shanghai margin balances were 1.444045 trillion yuan, Shenzhen 1.405436 trillion yuan, and the Beijing Stock Exchange 8.675 billion yuan. The electronics sector saw the largest decline in financing balances, falling 70.485 billion yuan or 10.86 percent, while power equipment and nonferrous metals also posted steep drops. At the stock level, 74.65 percent of eligible stocks recorded lower financing balances, with 264 names down more than 20 percent. Changyu Group led the declines with a 67.06 percent drop, while Cambricon Technologies saw the biggest absolute reduction at 4.592 billion yuan. Among the few stocks that bucked the trend, Yinuosi posted the largest percentage increase in financing balance at 230.88 percent, and Eoptolink Technology added the most in absolute terms, rising 3.482 billion yuan.