According to @KobeissiLetter, margin financing in China has reached a record 390 billion dollars, exceeding the 2015 stock bubble peak of roughly 380 billion dollars (source: @KobeissiLetter). The author adds that margin debt has nearly doubled since the end of 2024, driven by stronger risk appetite from retail investors, indicating heightened leverage in Chinese equities that traders should note (source: @KobeissiLetter).