---
title: "The three major A-share indices of Shanghai and Shenzhen fell by 0.4% to 0.8% in the first half of the day, with military stocks heating up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266115517.md"
description: "The People's Bank of China today conducted a 283 billion yuan seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. The three major A-share indices opened lower and fluctuated downwards, falling 0.4% to 0.8% at midday. The Shanghai Composite Index closed at 3,973 points, the Shenzhen Component Index at 13,169 points, and the ChiNext Index at 3,086 points. Domestic bank stocks and technology stocks generally declined, while military industry stocks performed strongly, with JL and GreatWall Military both hitting the daily limit"
datetime: "2025-11-17T03:41:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266115517.md)
  - [en](https://longbridge.com/en/news/266115517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266115517.md)
---

# The three major A-share indices of Shanghai and Shenzhen fell by 0.4% to 0.8% in the first half of the day, with military stocks heating up

The People's Bank of China today (17th) conducted a seven-day reverse repurchase operation of 283 billion yuan (same below) in the open market, with the operation rate remaining at 1.4%. Additionally, 119.9 billion yuan of reverse repos expired, resulting in a net injection of 163.1 billion yuan for the day. The central parity rate of the yuan against the US dollar was adjusted up by 9 points to 7.0816 per US dollar. The three major A-share indices opened lower by 0.05% to 0.5% and then fluctuated downwards, with a half-day drop of 0.4% to 0.8%.

The Shanghai Composite Index closed at 3,973 points at noon, down 17 points or 0.4%, with a turnover of 532.03 billion yuan; the Shenzhen Component Index fell 46 points or 0.4%, reporting 13,169 points, with a turnover of 733.696 billion yuan; the ChiNext Index dropped 24 points or 0.8%, reporting 3,086 points, with a turnover of 323.19 billion yuan.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) fell 0.9%, and China Construction Bank (601939.SH) fell 0.7%. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) fell 4.1%, as shareholder Huang Shilin plans to transfer nearly 45.6324 million A-shares. BYD (002594.SZ) fell 0.3%.

Among leading chip stocks, SMIC (688981.SH) fell 0.7%, while Hua Hong Semiconductor (688347.SH) rose 1.3%. Technology stock Cambricon Technologies (688256.SH) fell 1.7%.

Military stocks surged, with JL (300589.SZ) and GreatWall Military (601606.SH) both hitting the daily limit

### Related Stocks

- [601606.CN](https://longbridge.com/en/quote/601606.CN.md)
- [300589.CN](https://longbridge.com/en/quote/300589.CN.md)

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