China Securities Regulatory Commission: Will closely monitor and take effective measures to prevent stock pledge risks. 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 companies with a pledge ratio exceeding 80% dropped from 702 to 227. Judging from data from the Shanghai and Shenzhen stock markets, the total amount of forced liquidation of stock pledge defaults this year is 27.4032 million yuan.