---
title: "The Shanghai Composite Index tested 3,500 points, with the ChiNext rebounding over 2% throughout the day, while real estate and power stocks continued to rise"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247586156.md"
description: "Today, the A-share market performed well, with the Shanghai Composite Index closing at 3,497 points, up 24 points. The Shenzhen Component Index and the ChiNext Index rose by 1.5% and 2.4%, respectively. Real estate and power stocks continued to rise, with UKF and HUCD hitting the daily limit. The central parity rate of the RMB against the US dollar was adjusted to 7.1534. The People's Bank of China conducted a reverse repurchase operation of 69 billion yuan, net withdrawing 62 billion yuan"
datetime: "2025-07-08T07:00:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247586156.md)
  - [en](https://longbridge.com/en/news/247586156.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247586156.md)
generator: "portal-rs"
---

# The Shanghai Composite Index tested 3,500 points, with the ChiNext rebounding over 2% throughout the day, while real estate and power stocks continued to rise

The People's Bank of China today (8th) conducted a 69 billion yuan (same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 131 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 62 billion yuan. The central parity rate of the yuan against the US dollar is reported at 7.1534, down 28 points.

The three major indices of A-shares performed well, with the ChiNext rebounding over 2%. The Shanghai Composite Index reached a high of 3,499 points, rising 24 points or 0.7% throughout the day, closing at 3,497 points, with a trading volume of 567.5 billion yuan; the Shenzhen Component Index rose 152 points or 1.5%, reporting 10,588 points, with a trading volume of 886.4 billion yuan; the ChiNext Index rose 50 points or 2.4%, reporting 2,181 points, with a trading volume of 436.5 billion yuan.

In the banking sector, China Construction Bank (601939.SH) fell by 0.1%, while Industrial and Commercial Bank of China (601398.SH) rose by 0.4%.

Real estate-related stocks continued to rise, with UKF (000514.SZ) and HUCD (002208.SZ) both hitting the daily limit. TeFa Service (300917.SZ) rose another 3.9%.

Power and power equipment concept stocks continued to rise, with Huaguang Huaneng (600475.SH), Jinshi Technology (002951.SZ), and Huayin Electric Power (600744.SH) all hitting the daily limit.

Innovative drug concept stocks were traded in rotation, with Guangshengtang (300436.SZ) and Hainan Haiyao (000566.SZ) rising 7.8% and 3.4% respectively. Ha Sanlian (002900.SZ) hit the daily limit.

Lithium battery stocks rebounded, with CATL (300750.SZ) rising 0.9%. Luxshare Precision (002475.SZ) and Yiwei Lithium Energy (300014.SZ) rose 1.8% and 1% respectively. BYD (002594.SZ) underperformed the market, falling 0.5%

### Related Stocks

- [000514.CN](https://longbridge.com/en/quote/000514.CN.md)
- [002208.CN](https://longbridge.com/en/quote/002208.CN.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**