Another round of 'interest rate cuts' has emerged, with Huatai Securities and many other securities firms lowering the margin interest rate to 0.1%

Jinshi data, November 11th news, before the market today, Haitong Securities and Guotai Junan announced on their official websites that they have adjusted the RMB Margin Interest Rate standard to an annualized 0.1%, a decrease of 0.05% from before. Prior to this, since late October, Minsheng Securities, Guotou Securities, Huatai Securities, and Zhongyuan Securities have already taken the lead in implementing the "interest rate cut", with the adjusted customer fund Interest Rate now at an annualized 0.1%. Will other securities firms follow suit? Reporters consulted several securities firms online on the 11th, and CITIC Securities and Industrial Securities both stated that the current savings Interest Rate for their customer securities account funds is 0.1%. Some relevant sources stated: "(the adjustment) is based on the calculation of bank current Interest, and is synchronized with the adjustment of bank current Interest Rate." Some analysts believe that the interest rate spread income from customer Margins is one of the sources of income for securities firms, and it is also the internal driving force for them to lower Interest Rates. However, some also believe that the main reason for securities firms to lower Interest Rates is to keep them consistent with the adjustment of bank deposit Interest Rates, and the overall impact on small and medium-sized investors is not significant.
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