Original title: China’s Margin Trades Surge to a Record Amid Stock Rally
Chinese investors are borrowing a record amount of cash to buy local stocks, further fueling a months-long rally that has largely been driven by liquidity. The outstanding amount of margin trades in China’s onshore equities market climbed to 2.28 trillion yuan ($320 billion) Monday, surpassing the previous record of 2.27 trillion yuan in 2015. Traders added such leveraged positions for all but three days in August.