According to CNA, the month-end balance of stock market margin financing rose to NT$803.5 billion (8,035億元) in June, marking a historical high (E1). TechNews reported the identical figure, confirming the June month-end balance reached NT$803.5 billion (8,035億元), a record (E10). Both reports attribute the data to Taiwan's central bank.
Securities book-entry deposits — funds parked in brokerage accounts — followed a different path than margin financing. According to CNA, the balance rose to a historical high of NT$4,503.9 billion (4兆5039億元) in May (E2), before falling by NT$80.2 billion to NT$4,423.7 billion (4兆4237億元) in June amid stock market volatility (E3). TechNews corroborated the May peak, citing the same NT$4,503.9 billion (4兆5,039億元) record (E11).
CNA reported that the M1B annual growth rate declined to 9.4% in June, which the central bank attributed to slower growth in securities book-entry deposits (E4). At the same time, M2 annual growth rose to 8.13%, driven mainly by rising foreign-currency deposit growth (E5).
Foreign investor activity left a clear mark on deposit data. According to CNA, foreign investors' New Taiwan Dollar deposit period-end balance reached NT$285.3 billion (2853億元) in June, the highest in more than three years, with the annual growth rate jumping to 83.1% — the largest increase in more than five years (E8). TechNews reported the same figures, confirming the NT$285.3 billion (2,853億元) balance and 83.1% annual growth rate as a more-than-five-year high (E12). Separately, CNA noted that foreign-currency deposit period-end balances climbed to NT$9.5 trillion in June, also a historical high (E9).
Central bank Governor Yang Chin-long addressed the leverage debate directly. According to CNA, Yang said that as the stock market has been active, the issue of credit expansion has drawn discussion; some younger investors prefer leveraged investing, which can amplify gains when stocks rise but also cause losses if the market reverses, adding that "investors themselves need risk awareness" (E6).
Central bank official Liu Shu-min explained why the overall margin financing situation is still viewed as manageable: financing funds mainly originate from the banking system, and the Liquidity Coverage Ratio (LCR) indicator figures are "still good-looking," generally well above the statutory standard (E7). TechNews reported that Governor Yang had publicly warned that stock market leverage risk bears watching, but also noted it remains within a controllable range (E13).
| Metric | May 2026 | June 2026 | Source |
|---|---|---|---|
| Margin financing balance | — | NT$803.5 billion (record high) | CNA (E1); TechNews (E10) |
| Securities book-entry deposits | NT$4,503.9 billion (record high) | NT$4,423.7 billion (–NT$80.2 billion) | CNA (E2, E3); TechNews (E11) |
| M1B annual growth rate | — | 9.4% | CNA (E4) |
| M2 annual growth rate | — | 8.13% | CNA (E5) |
| Foreign NTD deposits (period-end) | — | NT$285.3 billion, YoY +83.1% | CNA (E8); TechNews (E12) |
| Foreign-currency deposits (period-end) | — | NT$9.5 trillion (record high) | CNA (E9) |
The data show a divergence within June's market activity: margin financing kept climbing to a record NT$803.5 billion even as securities book-entry deposits pulled back NT$80.2 billion from May's record, a pattern CNA linked to June's stock market volatility (E1, E3). Meanwhile, the slowdown in book-entry deposit growth pulled M1B's annual growth rate down to 9.4%, while M2 growth rose to 8.13% on the back of foreign-currency deposit gains (E4, E5) — the same period in which foreign investors' NTD deposits jumped 83.1% year-on-year and foreign-currency deposits hit a record NT$9.5 trillion (E8, E9, E12). Against this backdrop of rising leverage and foreign capital inflows, the central bank's own risk assessment rests on a specific metric: Liu Shu-min pointed to Liquidity Coverage Ratios that remain comfortably above regulatory minimums as the basis for calling the situation controllable, even as Governor Yang urged individual investors to maintain their own risk awareness (E6, E7, E13).
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