What is the A-share margin rate? How is margin rate calculated? - A Share

Financing interest is calculated based on the actual amount of the account after settlement, interest = settled amount  * daily interest rate. The minimum is CNH 0.01.

If a customer uses margin to purchase stocks, it generates cash debts. Since the A-share account is settled on T+1, the actual time when the account has debt is the first trading day (T+1 day) after the transaction is completed.

For example, a customer's account settled cash is 0, suppose he borrows 50,000 to buy APPL. On T day, the account settled cash is 0, after the settlement on T+1 day, the account settled cash will be -50,000, there will be interest generated from T+1.


There are two ways to repay the debt

1. Selling stocks: After the stocks are sold, the settlement needs to be completed on T+1 day. Therefore, on the T day after the stocks are sold, the account still has arrears and generates interest.

2. Deposit Cash: Customer's deposits will give priority to repay the debt. There will be no interest generated after depositing enough cash.


CNH annualized financing interest rate: 8.8% 

Note: The financing interest rate may be adjusted periodically to adapt to changes in currency exchange rates.