--- title: "\"Shanghai and Shenzhen\" Mainland GDP increased by 5% to meet the target, A-share three major indices fluctuated throughout the day, gold, aviation, nuclear power, and power grid equipment concept stocks rose" type: "News" locale: "en" url: "https://longbridge.com/en/news/272941686.md" description: "The National Bureau of Statistics announced that the GDP of mainland China is expected to grow by 5% year-on-year in 2025, in line with market expectations. The sales of newly built commercial housing fell by 12.6% year-on-year. The People's Bank of China lowered the re-lending and rediscount rates by 0.25 percentage points and adjusted the minimum down payment ratio for commercial property loans to 30%. The three major A-share indices showed mixed trends, with the Shanghai Composite Index slightly up by 0.3%, the Shenzhen Component Index slightly up by 0.09%, and the ChiNext Index down by 0.7%. Domestic bank stocks were relatively weak, with CATL down by 1% and Rongbai Technology down by 11.2% due to contract issues. Nuclear power and grid equipment concept stocks rose" datetime: "2026-01-19T07:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/272941686.md) - [en](https://longbridge.com/en/news/272941686.md) - [zh-HK](https://longbridge.com/zh-HK/news/272941686.md) --- # "Shanghai and Shenzhen" Mainland GDP increased by 5% to meet the target, A-share three major indices fluctuated throughout the day, gold, aviation, nuclear power, and power grid equipment concept stocks rose The National Bureau of Statistics announced that the GDP of mainland China is expected to grow by 5% year-on-year in 2025, in line with market expectations, achieving the central government's economic growth target. The growth for the fourth quarter of last year was 4.5%, also meeting market expectations. The total sales of newly built commercial housing in 2025 are projected to be 8.39 trillion yuan, a year-on-year decrease of 12.6%. Among them, residential sales are expected to drop by 13%. Last month, the housing price index for 70 large and medium-sized cities in mainland China fell by 2.7% year-on-year, marking the largest decline in five months. Starting today (19th), the People's Bank of China has lowered the re-lending and rediscount rates by 0.25 percentage points and has also reduced the rates of various structural monetary policy tools by 0.25 percentage points. The People's Bank and the National Financial Regulatory Administration issued a notice stating that the minimum down payment ratio for commercial housing loans (including "commercial-residential dual-use housing") will be adjusted to no less than 30%, down from the previous 50%. The People's Bank conducted a 158.3 billion yuan seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 86.1 billion yuan of reverse repos are maturing, resulting in a net injection of 72.2 billion yuan. The central parity rate of the yuan against the US dollar was raised by 27 points to 7.0051 per dollar, reaching a high not seen in over two and a half years. The three major indices of A-shares opened lower and showed divergent trends. The trading volume in the Shanghai and Shenzhen markets shrank to about 2.7 trillion yuan. The Shanghai Composite Index rose by 12 points or 0.3% to 4,114 points, with a trading volume of 1.19 trillion yuan. The Shenzhen Component Index closed up 12 points or 0.09% at 14,294 points, with a trading volume of 1.52 trillion yuan. The ChiNext Index closed down 23 points or 0.7% at 3,337 points, with a trading volume of 709.2 billion yuan. Banking stocks were slightly weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) falling by 1% and 0.1%, respectively. Additionally, CATL (300750.SZ) dropped by 1%. BYD (002594.SZ) remained stable with a slight increase of 0.3%. Rongbai Technology (688005.SH) hit the daily limit down at the opening and fell by 11.2% throughout the day, as it was under investigation by the China Securities Regulatory Commission for misleading statements related to a major contract announcement, which was estimated to be worth 120 billion yuan with CATL. Nuclear power and grid equipment concept stocks surged, with Baobian Electric (600550.SH), Pinggao Electric (600312.SH), Senyuan Electric (002358.SZ), Guangdian Electric (601616.SH), and XJ Electric (000400.SZ) all hitting the daily limit up. Qifan Cable (605222.SH) rose by 6.5%. Aviation stocks rose, with China Eastern Airlines (600115.SH), Air China (601111.SH), and China Southern Airlines (600029.SH) increasing by 4.1% to 6.1%. Chip stocks were weak, with SMIC A (688981.SH) and Hua Hong (688347.SH) falling by 1.3% and 3.5%, respectively. AI chip stock Cambricon (688256.SH) dropped by 0.3% Domestic GPU stocks MuXi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) fell by 1% and 2% respectively. Some robotics concept stocks surged, with Wuzhou Xinchun (603667.SH) hitting the daily limit. BuKe Co., Ltd. (688160.SH) rose by 2.8%. LONGi Green Energy (601012.SH) closed down 2.2%, as it expects a net profit loss of 6 billion to 6.5 billion yuan in 2025. China Metallurgical Group Corporation (601618.SH) fell by 2%, expecting a year-on-year decline of over 50% in net profit for 2025. Gold mining stocks surged, with Zhaojin Mining Industry (000506.SZ) hitting the daily limit, Zhongjin Gold (600489.SH) rising by 5.2%, and Shandong Gold (600547.SH) increasing by 2.6% ### Related Stocks - [002366.CN](https://longbridge.com/en/quote/002366.CN.md) ## Related News & Research - [AI is not replacing workers on a large scale so far, says Bank of Canada](https://longbridge.com/en/news/286540351.md) - [Vietnam does not have a policy of creating excess capacity, PM tells U.S. trade rep](https://longbridge.com/en/news/287006909.md) - [Abu Dhabi says drone strike caused fire at Barakah Nuclear Power Plant, no injuries or safety impact](https://longbridge.com/en/news/286669229.md) - [Sparebanken Øst Buys Back Equity Certificates for Employee Savings Scheme](https://longbridge.com/en/news/286813438.md) - [UAE restores power to Barakah nuclear plant after drone strike, IAEA says](https://longbridge.com/en/news/286806063.md)