China's A-share market has surged to a nearly ten-year high, with margin financing balances exceeding 2 trillion yuan (about 278 billion U.S. dollars), reflecting significant growth in trading activity and renewed investor confidence.
In the A-share market, investors use cash or stocks as collateral to borrow funds for stock purchases. The "balance" of financing reflects the cumulative unpaid borrowed funds, which have now surpassed 2 trillion yuan, marking a significant milestone in nearly a decade.
"Some securities firms have reported over 30 percent month-on-month increases in new account openings. Since August 13, the number of investors participating in margin trading daily has consistently remained above 500,000, with over 100,000 new participants since the beginning of the month, reflecting a gradual recovery in market vitality," said Yang Delong, a member of the Chief Economist Committee of the Securities Association of China.
On Wednesday, China's stock market closed higher and sustained robust trading, with combined turnover exceeding two trillion yuan for the sixth consecutive trading day.
The Shanghai Composite Index was up 1.04 percent to 3,766.21 points after hitting an intra-day high of 3,767.43, the highest level in nearly a decade.
The Shenzhen Component Index closed 0.89 percent higher at 11,926.74 points.
On Wednesday, the combined turnover of these two indices stood at about 2.45 trillion yuan (about 336 billion U.S. dollars). The turnover has topped two-trillion-yuan benchmark for six consecutive trading days starting Aug 13.
The market performance shows that stocks related to computers, electronics, and telecommunications led the gains.
Experts said that the resilience of China's macroeconomics, strong policy support, and good momentum of technological innovation are collectively driving stock market gains.
China's A-share market hits decade high as margin financing surpasses 2 trillion yuan
A former television host from Taiwan, Zhai Xuan, has made a pivotal decision to leave mainstream broadcasting in order to create content that provides a better understanding of the Chinese mainland and cross-strait relations.
Zhai, a seasoned television host with over a decade of experience in Taiwan's media landscape, recently addressed an audience at an event in Beijing, where she revealed her complete transition into independent online media.
In her remarks, she articulated her aspiration to bridge what she perceives as a significant information gap between audiences on both sides of the Strait, highlighting her commitment to fostering a deeper understanding and connection through her new endeavors.
"I was really surprised by all the fake news. There were stories saying people on the mainland can't afford tea eggs or that they live in mud houses and in Taiwan, this was the main information many people received," said Zhai.
Zhai said she initially began producing online videos to challenge such perceptions while continuing her work as a television host.
In April 2025, she travelled to the mainland with her father to fulfill her late grandfather's wish to return to his hometown. The trip, which reunited family members separated since 1949, was recorded in a video series titled "Journey to Find Our Roots", drawing attention from viewers in both Taiwan and the mainland.
"Many people in Taiwan told me that after watching, they wanted to apply for a mainland travel permit immediately and go looking for their relatives. Some had long forgotten these things, but after seeing my story, they began thinking about their hometowns and family members they had never met and decided to search for their roots," Zhai shared her story at the event.
By mid-2025, Zhai said she began to feel increasing pressure amid rising political tensions and a tightening atmosphere around cross-Strait exchanges in Taiwan.
After more than 12 years in the industry, Zhai resigned from her position, believing it was the right thing to do.
"At that moment, I felt this was a major issue，not just for me, but for Chinese people on both sides of the Strait. If I backed down then, I wouldn’t be standing on the right side," said Zhai.
Since leaving television, Zhai has broadened her online programming to encompass a range of daily-life topics, including practical guidance on applying for a mainland travel permit and using commonly employed mobile applications, in addition to content that delves into historical memory and cultural connections across the Strait.
As the debate over cross-Strait relations continues in Taiwan, Zhai said she remains committed to her current path.
Former Taiwan TV host bridges cross-Strait divide via online media
