On November 11, before the market today, Haitong Securities and Guotai Junan issued a notice on their official websites saying that they adjusted the RMB margin interest rate standard to an annualized rate of 0.1%, which was 0.05% lower than before. Before that, since late October, Minsheng Securities, SDIC Securities, Huatai Securities and Zhongyuan Securities have taken the lead in completing the "interest rate reduction", and the adjusted customer funds interest rate is 0.1% annualized. Will other securities firms follow suit one after another? The reporter consulted a number of securities firms online on the 11th. CITIC Securities and Industrial Securities all said that the current demand interest rate of their customers' securities account funds is 0.1%. A relevant person said: "[The adjustment] is based on the bank's current interest, which is synchronized with the adjustment of the bank's current interest rate." Some analysts believe that the spread income of customer margin is one of the sources of income for brokerages, and it is also the internal driving force for brokerages to cut interest rates. However, there are also views that brokerages' "interest rate cuts" are mainly in line with the adjustment of bank deposit interest rates, and have little impact on small and medium investors as a whole.