China Securities Regulatory Commission: The overall risk of stock pledges in Shanghai and Shenzhen stock exchanges has dropped significantly. As of February 2, the proportion of stock pledged market value in the two cities' total market value has dropped from 10.51% at the peak in 2018 to 3.38%.
The number of listed companies with a pledge ratio of the largest shareholder exceeding 80% dropped from 702 to 227. According to data, the total amount of forced liquidation due to stock pledge defaults this year is 27.4032 million yuan.