The three major A-share indices in Shanghai and Shenzhen showed a sluggish performance in the first half of the day, with domestic banks and property stocks continuing to decline, while pharmaceutical stocks reached new highs

The People's Bank of China today (16th) conducted a 7-day reverse repurchase operation in the open market amounting to 520.1 billion yuan (the same below), with the operation interest rate remaining at 1.4%. Today, 75.5 billion yuan of reverse repos matured, resulting in a net injection of 444.6 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.1526, down 28 points.

The three major A-share indices showed mixed performance in the first half of the day. The Shanghai Composite Index closed at 3,500 points, down 4 points or 0.1%, with a trading volume of 359 billion yuan; the Shenzhen Component Index closed at 10,755 points, up 11 points or 0.1%, with a trading volume of 555.8 billion yuan; the ChiNext Index closed at 2,243 points, up 8 points or 0.4%, with a trading volume of 272.6 billion yuan.

Banking stocks continued to weaken, with China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) falling by 0.7% and 1.2%, respectively.

Real estate stocks generally declined, with Everbright Jiabao (600622.SH) and Greenland Holdings (600606.SH) dropping by 2.5% and 8.3%, respectively.

Pharmaceutical-related stocks rose, with Rundu Co., Ltd. (002923.SZ) and Lisheng Pharmaceutical (002393.SZ) both hitting the daily limit.

BYD (002594.SZ) rose by 0.7%, while CATL (300750.SZ) fell by 1.5%