According to Bloomberg “The outstanding balance of margin loans on the Shanghai and Shenzhen bourses has tumbled by 60 percent to $147 billion since the June peak. Borrowed funds now account for 2.8 percent of overall market capitalization, a 10-month low and down from a record 4.5 percent earlier this year.” HSBC’s Equity Strategist Steven Sun says “We’ve seen the worst for mainland stocks, the whole deleveraging process is largely over.” (VIEW LINK)