The three major A-share indices of Shanghai and Shenzhen rose by 0.6% to 1.8% in the first half of the day, with domestic property stocks stopping their decline and recovering, while chip stocks rose

The People's Bank of China today (24th) conducted a seven-day reverse repurchase operation of 401.5 billion yuan (the same below) in the open market, with the operation interest rate remaining at 1.4%. Today, 418.5 billion yuan of reverse repos matured, resulting in a net withdrawal of 17 billion yuan. The central parity rate of the yuan against the US dollar was lowered by 20 points to 7.1077.

The three major A-share indices opened lower but rose higher, with the ChiNext performing strongly, up nearly 2%. The Shanghai Composite Index closed at 3,845 points, up 24 points or 0.6%, with a turnover of 628.2 billion yuan; the Shenzhen Component Index closed at 13,265 points, up 145 points or 1.1%, with a turnover of 779.95 billion yuan; the ChiNext Index closed at 3,169 points, up 54 points or 1.8%, with a turnover of 380.9 billion yuan.

Banking stocks were mixed, with Industrial and Commercial Bank of China (601398.SH) closing flat. China Construction Bank (601939.SH) fell 1.1%. In addition, CATL (300750.SZ) rose 1%. BYD (002594.SZ) fell 0.6%.

Leading domestic property stocks rebounded, with Gemdale (600383.SH), Greenland (600606.SH), CFLD (600340.SH), and Vanke (000002.SZ) rising between 1% and 4%.

Chip stocks rose, with SMIC (688981.SH) and Hua Hong (688347.SH) each up 6.8%. Technology stocks such as Cambricon (688256.SH) rose 3.3%.

Robot concept stocks were mixed, with Sanhua Intelligent Control (002050.SZ) down 3%. Wanxiang Qianchao (000559.SZ) rose 1.5%