The three major indices of the Shanghai and Shenzhen A-shares rose by 0.1% to 0.7% in the first half of the day, with charging pile concept stocks performing well

AASTOCKS
2025.10.16 03:35

The People's Bank of China today (16th) conducted a seven-day reverse repurchase operation of 236 billion yuan (same below) in the open market, with the operation interest rate remaining at 1.4%. Additionally, 612 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 376 billion yuan for the day. The central parity rate of the yuan against the US dollar was raised by 27 points to 7.0968, reaching a one-year high.

The three major A-share indices opened lower by 0.3% to 0.6% but then fluctuated upward, closing up 0.1% to 0.7% at noon. The Shanghai Composite Index closed at 3,916 points, up 3 points or 0.1%, with a turnover of 536.92 billion yuan; the Shenzhen Component Index rose 20 points or 0.2%, reporting 13,139 points, with a turnover of 675.27 billion yuan; the ChiNext Index rose 20 points or 0.7%, reporting 3,046 points, with a turnover of 303.89 billion yuan.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) rose 1.2%. China Construction Bank (601939.SH) rose 1.3%. Additionally, JD.com partnered with CATL (300750.SZ) for strategic cooperation, but CATL fell 0.2%. BYD (002594.SZ) rose 0.1%.

The mainland's "Electric Vehicle Charging Infrastructure Service Capability 'Three-Year Doubling' Action Plan (2025-2027)" aims to establish 28 million charging facilities nationwide by the end of 2027, boosting the performance of charging pile concept stocks, with JQH (002885.SZ) and ATC (002227.SZ) hitting the daily limit.

Gold-related stocks showed mixed performance, with Zhongjin Gold (600489.SH) and Chifeng Gold (600988.SH) rising 0.5% and 1.1%, respectively, while Zijin (601899.SH) fell 0.9%, and Shandong Gold (600547.SH) fell 1.6%.

Among leading chip stocks, SMIC (688981.SH) fell 1%. Hua Hong (688347.SH) fell 2.2%. Technology stock Cambrian (688256.SH) rose 4.2%, as the company entered into a strategic partnership with SenseTime. Wingtech Technology (600745.SH) fell 1.7%. Sanhua Intelligent Control (002050.SZ) fell 1.2%, as the company clarified that rumors of obtaining large orders for robots were untrue

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