The central parity rate of the RMB against the US dollar was raised by 33 points to 7.0550 per US dollar, reaching a new high in over 14 and a half months.

The People's Bank of China today (19th) conducted a 7-day reverse repurchase operation of 56.2 billion RMB in the open market, with the operation rate remaining at 1.4%. At the same time, a 14-day reverse repurchase operation was conducted, involving 100 billion RMB. Today, 120.5 billion RMB of reverse repos matured, resulting in a net injection of 35.7 billion RMB for the day.

The three major indices of A-shares opened high and rose further, with the Shanghai Composite Index testing 3,900 points. The Shanghai Composite Index closed at 3,899 at noon, up 22 points or 0.6%, with a turnover of 463.2 billion RMB; the Shenzhen Component Index closed at 13,175 points, up 121 points or 0.9%, with a turnover of 625 billion RMB; the ChiNext Index closed at 3,137 points, up 30 points or 1%, with a turnover of 283.7 billion RMB.

Major domestic bank stocks showed mixed performance, with Industrial and Commercial Bank of China (601398.SH) down 0.8% and China Construction Bank (601939.SH) up 0.3%.

Leading domestic property stocks stabilized and rose, with Gemdale (600383.SH), Greenland (600606.SH), Poly Developments (600048.SH), and Vanke A (000002.SZ) rising by 1.2%-1.9%.

Consumer retail stocks rose, with FJDB (600693.SH), DEBI Group (300947.SZ), Dalian Friendship (000679.SZ), and Shanghai Jiubai (600838.SH) all hitting the daily limit.

Leading domestic chip stocks were favored, with SMIC (688981.SH) and Hua Hong (688347.SH) rising by 1% and 1.3%, respectively. Cambrian (688256.SH) fell by 0.3%. Computing power stocks such as Changfei Fiber (601869.SH) continued to rise by 5.8%.

In addition, CATL (300750.SZ) and BYD (002594.SZ) rose by 0.7% and 1.4%, respectively