HK.cash loses 2% 📉 Chinese indices drop on market regulation concerns

Open account Download free app

Gains in China, fueled by optimism around the technology sector and easing trade tensions with the US, are losing momentum amid profit-taking. The HK.cash contract is down more than 2%, as the market grows concerned that authorities may return to a deleveraging stance and force more brokers to tighten financing conditions.

In August 2025, China’s stock market added more than $1 trillion in value, reaching its highest levels in a decade. The rally has been driven by strong inflows from local investors and a broader improvement in sentiment following the de-escalation of trade disputes with the US.
The surge has sparked fears of overheating. Sinolink Securities raised margin deposit requirements on new financing contracts to 100% to curb excessive use of leverage.
Some mutual funds have also introduced daily purchase limits. For instance, the feeder fund of the GF Star Growth Index ETF capped new inflows at just 100 yuan, one of the most restrictive measures during the current bull run.
Trading volumes on mainland exchanges climbed to 3.1 trillion yuan ($433 billion), the second-highest level on record. Meanwhile, the outstanding balance of margin financing rose above 2.1 trillion yuan – its highest since 2015, when the market was in the midst of a speculative bubble.
The number of new brokerage accounts opened by retail investors jumped 71% year-on-year in July, highlighting a strong “FOMO” effect and a massive wave of retail capital entering the market.
Analysts note that speculative bubbles may already be forming in certain segments, but the latest financing restrictions are aimed mainly at protecting brokers and clients from potential losses, rather than signaling that the rally has already peaked.

Beijing has a track record of regulatory interventions during both sharp declines and rapid rallies. Since 2023, authorities have tightened rules on short selling and raised margin requirements for funds, measures that were reinforced again in 2024.

Source: xStation5

13 February 2026, 6:54 AM

Morning Wrap: Global sell-off in the technology sector (13.02.2026)

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 5:01 PM

US100 loses 1.5% 📉

12 February 2026, 4:41 PM

🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause

Indices

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days