Investors in China have been increasing their leverage to purchase A-shares since late September, as evidenced by a rise in the outstanding margin debt balance across the Shanghai, Shenzhen, and Beijing stock exchanges. This trend marks the highest level of leveraged trades in nine years, according to a report by Shanghai Securities News. Additionally, several Chinese insurance companies have raised their stakes in listed firms this month, a move encouraged by the government to promote stock purchases by long-term investors such as insurers.