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What does the leverage 1:3 in futures mean?

Leverage generally occurs in capital allocation. Since the China Securities Regulatory Commission is currently cracking down on capital allocation, it is best not to try it. Also, the general leverage is 1:5 or 1:10, but 1:3 is really rare. 1:3 means that as long as you have 1 yuan, you can use 3 yuan to operate.