SMIC and Biwin's margin financing conversion rates have been adjusted back to 70% and 50%, respectively

Zhitong
2025.10.10 10:32

According to the announcements from Shenwan Hongyuan Securities and Shenwan Hongyuan Western Securities, the marginable securities and the conversion rates for margin trading will be adjusted after the market closes today, effective from October 13. Among them, the marginable securities conversion rates for XianDao Intelligent, Nanji Guang, Mannesmann, Liandong Technology, Haiguang Information, Changying Tong, Biwin, SMIC, and Huaxin Yongdao will be raised from 0% to between 30% and 70%. Just on October 9, Biwin and SMIC had their conversion rates set to zero by multiple brokerages on the previous trading day. Meanwhile, the conversion rates for Tongyu Heavy Industry and Chuangyitong will be lowered from 65% to 0%. According to exchange regulations, if the static price-to-earnings ratio of a stock exceeds 300 times or is negative, the margin trading conversion rate will be adjusted to zero

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer