Breaking
CNYunlin Linnei Jiuxiongfu Palace held a Mid-Autumn Festival land-turning making activity to inherit the folk custom of gratitudeUSPackers vs. Falcons Preview: Week 3 Thursday Night Football MatchupKRGyeongju Cultural Foundation, creative musical ‘Gwanghwamun Sonata’ performed at Gyeongju Arts Center on November 28-29USSportsLine Expert Eric Cohen Releases Week 3 NFL Exact Score PredictionsARMore than 30 people, including actors and politicians, were arrested in a protest in front of the United Nations against the war on GazaRUColombia announces cessation of diplomatic relations with IranUSDave Richard's Week 3 PPR Fantasy Football Cheat Sheet: Start/Sit Rankings and AdviceCNSusan Sarandon, Hannah Einbinder among 100 detained at anti-Netanyahu protest in New YorkDEKnife attack in Polish monastery: One dead, four injured – Ukrainians arrestedUKFirefighters battle blaze at Catterick Garrison military barracksCNYunlin Linnei Jiuxiongfu Palace held a Mid-Autumn Festival land-turning making activity to inherit the folk custom of gratitudeUSPackers vs. Falcons Preview: Week 3 Thursday Night Football MatchupKRGyeongju Cultural Foundation, creative musical ‘Gwanghwamun Sonata’ performed at Gyeongju Arts Center on November 28-29USSportsLine Expert Eric Cohen Releases Week 3 NFL Exact Score PredictionsARMore than 30 people, including actors and politicians, were arrested in a protest in front of the United Nations against the war on GazaRUColombia announces cessation of diplomatic relations with IranUSDave Richard's Week 3 PPR Fantasy Football Cheat Sheet: Start/Sit Rankings and AdviceCNSusan Sarandon, Hannah Einbinder among 100 detained at anti-Netanyahu protest in New YorkDEKnife attack in Polish monastery: One dead, four injured – Ukrainians arrestedUKFirefighters battle blaze at Catterick Garrison military barracks
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
BackThe Taiwan stock index has doubled in the past year, and the three major indicators of retail investors have surged simultaneously.
The Taiwan stock index has doubled in the past year, and the three major indicators of retail investors have surged simultaneously.
Developing
自由时报38 minutes agoBusiness1 min readChinaView original

The Taiwan stock index has doubled in the past year, and the three major indicators of retail investors have surged simultaneously.

Taiwan stocksretail investorsFinancing

Quick Look

  • The Taiwan stock index has doubled in the past year, and the three major retail account indicators, securities transfer deposit balance, financing balance and number of investor accounts, have grown simultaneously and at a rapid pace.
  • The combined financial reports of the three major securities companies Yuanta, KGI and Fubon in the first half of 2026 show that all securities financing receivables have doubled, and securities lending receivables have also increased significantly, reflecting the increase in retail lending and stock trading leverage.

AI-generated summary

Why It Matters

The Taiwan stock index has doubled in the past year, driving retail investment enthusiasm to rise, and financing to buy stocks and stock pledge borrowings have increased.

Font size

The Taiwan stock index has doubled in the past year, and the "securities transfer deposit balance", "financing balance" and "investor account openings", which are regarded as the three major indicators of retail investors, are also speeding up! (Central News Agency file photo)

[Reporter Gao Jiahe/Taipei Report] Taiwan stocks are so strong, how crazy are they? According to the latest consolidated financial reports for the first half of 2026 of Yuanta, KGI and Fubon Securities, the three major domestic securities firms, whether it is "securities financing receivables" that reflect financing stock purchases, "securities loan receivables" that are pledged by current stocks, or "brokerage fee income" and "interest income", they are all in full swing, revealing how dare retail investors dare to borrow money and raise leverage to win or lose in Taiwan stocks!

There are two major leverage data on the balance sheet of securities companies. One is "securities financing receivables", which represents financing purchases (credit transactions); the other is "securities lending receivables", which represents stock pledged loans/unrestricted-purpose loans.

Please read on...

Judging from the latest consolidated financial reports for the first half of the three major securities firms including Yuanta, KGI and Fubon, “securities financing receivables” have all doubled, and “securities lending receivables” have also increased significantly.

The financing balance on the books of leading Yuanta Securities reached 197.8 billion yuan, an annual increase of 120.7%; KGI Securities also increased from 31.78 billion yuan to 87.56 billion yuan, an increase of 175.5%; Fubon Securities increased from 29.29 billion yuan to 79.95 billion yuan, an increase of 172.9%.

"Securities loan receivables" (pledge of current shares) expanded simultaneously. Yuanta Securities reached 162.47 billion yuan, an increase of 39.5%; Fubon Securities increased 63.9% to 43.08 billion yuan; KGI Securities reached 35.118 billion yuan, an annual increase of 26.8%.

Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel

What to Watch

AI outlook — possibilities, not facts

  • Taiwan stocks will maintain a volatile upward trend in the short term, and retail investors’ demand for leverage continues

    Possible · Within weeks

Open Questions

  • Can this upward trend in leverage continue?
  • If Taiwan stocks retreat, what pressure will retail investors face on their leveraged positions?

Related Topics

Taiwan stocks
OrganizationsYuanta SecuritiesKGI SecuritiesFubon Securities
PlacesTaipeiTaiwan
Topicsretail investorsFinancingsecurities lendingYuanta SecuritiesKGI SecuritiesFubon Securities
This article was originally published by 自由时报.

Related Stories

U.S. mortgage interest rates exceeded 7.0%, a new high since Trump returned to the presidency
Developing·

U.S. mortgage interest rates exceeded 7.0%, a new high since Trump returned to the presidency

The U.S. 30-year fixed mortgage rate rose to 7.03% today, the highest level since Trump returned to the presidency. The report pointed out that this increase in interest rates has increased the burden on American households, and factors such as Iran's blockade of the Strait of Hormuz, which has led to soaring fuel prices, and the Federal Reserve's interest rate hikes, have jointly affected consumer and business pressures. Although new home sales increased by 6.4% monthly in August, the annual rate was still 2.0% lower than the same period last year.

中央社
1 min read
Management fee income of Taiwan's top three investment trust ETFs reached 17.1 billion yuan, but sales fee income is declining
Developing·

Management fee income of Taiwan's top three investment trust ETFs reached 17.1 billion yuan, but sales fee income is declining

According to the financial reports of Taiwan's top three investment companies, Yuanta, Cathay and Fubon Investment, management fee income alone reached 17.1 billion yuan a year, of which Yuanta Investment contributed 7.665 billion yuan, Cathay Investment Trust contributed 6.236 billion yuan, and Fubon Investment Investment exceeded 3.2 billion yuan. However, as ETFs replaced banking channel subscriptions through securities firms’ secondary market transactions, the sales fee income of the three major investment trusts showed stagnation or decline. Yuanta fell slightly to 183 million yuan, Fubon fell to 138 million yuan, and Cathay Pacific’s other income fell by nearly 15% year-on-year.

自由时报
2 min read
The top three securities firms’ brokerage fees increased by more than 40 billion yuan in the first half of 2026, and interest income also increased by 3.5 billion yuan.
Developing·

The top three securities firms’ brokerage fees increased by more than 40 billion yuan in the first half of 2026, and interest income also increased by 3.5 billion yuan.

According to the latest financial report, the brokerage fee income of Yuanta, KGI and Fubon Securities in the first half of 2026 totaled 65.687 billion yuan, an annual increase of 156.9%; interest income reached 11.127 billion yuan, an annual increase of 28.3%. The surge in retail financing demand has led to substantial growth in both handling fees and interest.

自由时报
2 min read
U.S. Treasuries sell off, yields surge, 30-year hits 5.44%, hit 2004 high
BREAKING·

U.S. Treasuries sell off, yields surge, 30-year hits 5.44%, hit 2004 high

U.S. Treasury bonds suffered a sell-off, with the 30-year yield hitting 5.44%, the highest since 2004; the 10-year yield hit 5.133%, a new high since July 2007. Affected by rising oil prices, inflationary pressure, strong economic data in the United States and expectations of interest rate hikes, public bonds in Japan, Germany, the United Kingdom and other places also fell simultaneously, creating a "perfect storm" in the global bond market.

自由时报
2 min read
U.S. stocks were mixed on Thursday, with the Dow Jones falling 0.31% and TSMC ADR rising 1.03%.
Developing·

U.S. stocks were mixed on Thursday, with the Dow Jones falling 0.31% and TSMC ADR rising 1.03%.

The performance of U.S. stocks on Thursday was divided, with the Dow Jones Industrial Average falling 0.31%, the S&P 500 falling slightly by 0.02%, and the Nasdaq rising slightly by 0.01%. TSMC ADR rose 1.03% to $451.15. U.S. and Iranian negotiators in New York considered a phased deal to end the Middle East conflict in which Iran would reopen the Strait of Hormuz and the United States would lift its economic blockade on Tehran, boosting stocks. However, oil prices and bond yields remain high. Brent crude oil rose by more than 3%, and the 30-year U.S. bond yield rose to 5.501%, the highest since 2004. Oracle fell 3.5% on the risk of delays at its New Mexico data center, while Meta rose 4.5%.

自由时报
2 min read
China’s industrial strengths must also benefit its trading partners
Developing·

China’s industrial strengths must also benefit its trading partners

The European Commission urges China to address the widening EU-China trade imbalance by next month, warning of potential protectionist measures. The article argues that China’s industrial success stems from its ecosystem scale, domestic competition, and supplier networks—not just overcapacity—and suggests shifting toward domestic consumption and exporting industrial know-how to create mutual benefits with trading partners.

SCMP Economy
2 min read
More on this topicTaiwan stocks