The Shanghai Composite Index rose 4 points in half a day, regaining the 3,300-point mark. Real estate stocks surged while semiconductor stocks fell against the trend

Pan Gongsheng, the Governor of the People's Bank of China, recently attended the second G20 Finance Ministers and Central Bank Governors meeting held in Washington, USA, where he emphasized that the mainland economy has started well, continuing its recovery trend, and that the financial market is operating smoothly. The central bank will implement a moderately accommodative monetary policy to promote high-quality economic development in the mainland.

To maintain ample liquidity in the banking system, the central bank will conduct a 600 billion yuan (the same below) MLF operation today (25th) through a fixed amount, interest rate bidding, and multiple price level bidding method, with a term of one year. On the same day, the central bank will conduct a 159.5 billion yuan 7-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.5%. Additionally, 250.5 billion yuan of reverse repos will mature, resulting in a net withdrawal of 91 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.2066, up 32 points.

The three major A-share indices opened higher and continued to rise. The Shanghai Composite Index rose 4 points or 0.2% to close at 3,302 points, with a turnover of 280.15 billion yuan. The Shenzhen Component Index closed at 9,964 points, up 86 points or 0.9%, with a turnover of 438.82 billion yuan. The ChiNext Index closed at 1,956 points, up 20 points or 1.1%, with a turnover of 190.95 billion yuan.

Banking stocks fell, with China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) down 1.1% and 0.7%, respectively.

Real estate stocks rose, with LANGOLD (002305.SZ) and UKF (000514.SZ) both hitting the daily limit. Tianbao Infrastructure (000965.SZ) rose 7.5%.

The semiconductor sector declined, with SiRuPu (688536.SH) down 12.4% and NaXinWei (688052.SH) down 7.2%. Leading semiconductor chip stocks were soft, with SMIC (688981.SH) and HuaHong (688347.SH) down 0.1% and 2%, respectively.

BYD (002594.SZ) rose 2.3%. Contemporary Amperex Technology Co., Limited (300750.SZ) remained flat. Yiwei Lithium Energy (300014.SZ) reported a year-on-year net profit growth of 3.32% in the first quarter, with its stock price rising 1.4%. OFILM (002456.SZ) fell 1.1%, with its net loss in the first quarter of 2025 expanding to 58.9498 million yuan.

Aimeike (300896.SZ) reported a year-on-year net profit decline of 15.87% in the first quarter, with its stock price rising 3.7%