🇨🇳 Chinese retail activity is surging.

New individual investor accounts jumped +88% MoM in January to 4.9M, the highest since Oct 2024.

For context: the Oct 2024 peak of 6.8M was the largest in 9 years, while the 2025 average was just 2.3M.

New margin trading accounts also rose +30% MoM to ~190K.

Meanwhile, daily stock market turnover exceeded $520B an all-time high.

Retail participation in China is accelerating fast. 📈⚡️
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