--- title: "The three major A-share indices of the Shanghai and Shenzhen stock exchanges rose by 1.2% to 2.3% throughout the day, with the Shanghai Composite Index regaining above 3,400 points, and Xiaomi's automotive concept stocks surged" type: "News" locale: "en" url: "https://longbridge.com/en/news/245832930.md" description: "Today, the three major A-share indices rose throughout the day, with the Shanghai Composite Index returning above 3,400 points, closing at 3,420 points, up 1.2%. The Shenzhen Component Index and the ChiNext Index rose by 1.7% and 2.3%, respectively. The central parity rate of the RMB against the US dollar was adjusted to 7.1656, reaching a new high for the year. Xiaomi's automotive concept stocks performed strongly, with Hi-Tech rising by 14.6%. International oil prices and gold prices fell, leading to a general decline in related stocks" datetime: "2025-06-24T07:00:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/245832930.md) - [en](https://longbridge.com/en/news/245832930.md) - [zh-HK](https://longbridge.com/zh-HK/news/245832930.md) --- # The three major A-share indices of the Shanghai and Shenzhen stock exchanges rose by 1.2% to 2.3% throughout the day, with the Shanghai Composite Index regaining above 3,400 points, and Xiaomi's automotive concept stocks surged The People's Bank of China today (24th) conducted a 406.5 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 197.3 billion yuan of reverse repos matured, resulting in a net injection of 209.2 billion yuan for the day. The central parity rate of the yuan against the US dollar was reported at 7.1656, up 54 points, reaching a new high since November last year. As geopolitical risks ease, the three major A-share indices performed well, with the Shanghai Composite Index rising above the 3,400-point level. The SSE Index rose 38 points or 1.2%, closing at 3,420 points, with a turnover of 544.9 billion yuan; the Shenzhen Component Index rose 169 points or 1.7%, closing at 10,217 points, with a turnover of 869.7 billion yuan; the ChiNext Index rose 46 points or 2.3%, closing at 2,064 points, with a turnover of 441.7 billion yuan. Domestic bank stocks, China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH), rose by 0.3% and 1.5%, respectively. Domestic insurance stocks also increased, with Ping An Insurance (601318.SH), China Life (601628.SH), and China Pacific Insurance (601601.SH) rising between 2.3% and 3.3%. International oil and gold prices fell, leading to declines in gold stocks, with Shandong Gold (600547.SH), Zhongjin Gold (600489.SH), and Chifeng Jilong Gold (600988.SH) dropping between 1.3% and 4.5%. Among oil stocks, PetroChina (601857.SH) and CNOOC (600938.SH) fell by 1.4% and 2.2%, respectively. Oil, gas, and shipping stocks retreated, with ShenKAI Co., Ltd. (002278.SZ) giving back 3%. Shandong Molong (002490.SZ), China Merchants Energy (601975.SH), and Xingtong Co., Ltd. (603209.SH) all hit the daily limit down. Xiaomi automotive concept stocks rose, with Hi-Tech (301022.SZ) increasing by 14.6%. Kaizhong Co., Ltd. (603037.SH), Jinrong Tianyu (300988.SZ), and New Tiger (301229.SZ) rose by 5.2% to 6.1%. The Xiaomi YU7 will be officially released on Thursday (26th). In addition, BYD (002594.SZ) rose by 1.5%. 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