Multai

https://www.ft.com/content/67c1bf41-0b98-41ec-a1a2-7af888c7050b

#Rise in margin lending stokes fears of China bubble

Sharp rally in stock market draws comparisons with 2015 downfall

Thomas Hale in Hong Kong and Wang Xueqiao in Shanghai

Margin loans to buy equities in China have risen to their highest level in five years, prompting fears that speculation on rising prices could lead to a rerun of a notorious stock market bubble that burst in 2015.

Total margin finance in China reached Rmb1.27tn ($184bn) on Tuesday after more than a week of consecutive daily increases, according to Wind, a data service. Separate figures show investors rushing to open new accounts that give them a