The brokerage industry has launched a new round of price wars, with six brokerages offering financing interest rates below 5%, and even some as low as 4%! An individual from HTSC stated that for the first six months of a new account, the annual interest rate for amounts of over 10 million yuan can be lower than 5%. An individual from Galaxy Securities stated that an annual interest rate of 4.8% can be achieved for amounts over 3 million yuan. A consultant from Sinolink Securities stated that an amount over 10 million yuan can start from 4.5%. A related person from Jianghai Securities stated that the lowest interest rate is 4.8%. An individual from Zhongtai Securities stated that a discount interest rate of 4% can be given for amounts above 100 million yuan. An individual from Guosen Securities stated that a discount interest rate of 4% can be given for amounts over 5 million yuan, and higher capital scale rates may be lower than 4%. A representative from a large brokerage stated that if the financing interest rate is lower than 4%, it is basically not profitable. A representative from a small brokerage revealed that the comprehensive tax-inclusive cost of the company's margin trading is about 4.2%, which is the profit and loss line.
六大券商融资利率杀穿5%，有券商人士透露4.2%是盈亏线
Financing interest rates of the six major brokerages have dropped below 5%, with some brokerage insiders revealing that 4.2% is the breakeven point.
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