Margin balance increased for seven consecutive times, leveraged funds increased in technology stocks.

After a month, the margin balance of A-shares returned to 2.65 trillion yuan. As of April 15th, the margin balance of A-shares has increased for 7 consecutive trading days, with the daily increase exceeding 10 billion yuan for nearly 4 trading days. This round of leveraged funds mainly flowed into technology stocks such as electronics, power equipment, and communications. Industry insiders said that the warming up of leveraged funds this round is influenced by multiple factors, and market sentiment is accelerating its recovery. Meanwhile, on April 16th, the ChiNext Index reached a new high in 11 years. As the valuation of the ChiNext continues to rise, financing funds are pouring in at an accelerated pace, focusing on a few technology leaders. However, industry insiders warned to be cautious of the deleveraging risks after sentiment reverses, as well as the pressure from earnings not meeting expectations leading to a valuation correction.