This morning, the market trend can be divided into two parts. In the early trading stage, the main battleground of the market was technology stocks. The Beijing Stock Exchange continued to rise sharply, and Tianma New Materials rose or stopped 30%, leading to three consecutive markets. Meanwhile, sectors such as finance, real estate, and consumption were adjusted. In the intraday, a series of favorable policies continue to be unleashed. The People's Bank of China, in conjunction with the State Financial Supervisory Authority and the China Securities Regulatory Commission, issued the “Notice on Matters Relating to Establishing Stock Repurchase and Refinancing”, and the People's Bank of China and the China Securities Regulatory Commission jointly issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to clarify business processes, operating elements, and the rights and obligations of the parties involved in the swap facilitation operation. At the 2024 Financial Street Forum annual meeting, Pan Gongsheng, Governor of the People's Bank of China, said that on September 27, the deposit reserve ratio was lowered by 0.5 percentage points. It is expected that before the end of the year, depending on market liquidity conditions, the deposit reserve ratio will be further lowered by 0.25 to 0.5 percentage points; the 7-day reverse repurchase operating interest rate in the open market will be lowered by 0.2 percentage points; and the medium-term loan facility interest rate will drop 0.3 percentage points. At around 10:13, the index suddenly gained strength. At one point, the Shanghai Composite Index pulled from a drop of more than 0.5% to an increase of more than 1.3%. Sectors such as finance, real estate, and consumer, which had weak performance in early trading, clearly picked up at this time. Among them, the brokerage sector showed the strongest increase, with individual stocks such as Tianfeng Securities and Oriental Wealth surging. At the close of the morning, the Shanghai Stock Exchange Index rose 0.67%, the Shenzhen Stock Exchange Index rose 1.64%, and the GEM Index rose 3.29%. In terms of individual stocks, Shuangcheng Pharmaceutical went up and down, and achieved 19 ups and downs in the past 21 trading days.

This morning, the market trend can be divided into two parts. In the early trading stage, the main battleground of the market was technology stocks. The Beijing Stock Exchange continued to rise sharply, and Tianma New Materials rose or stopped 30%, leading to three consecutive markets. Meanwhile, sectors such as finance, real estate, and consumption were adjusted. In the intraday, a series of favorable policies continue to be unleashed. The People's Bank of China, in conjunction with the State Financial Supervisory Authority and the China Securities Regulatory Commission, issued the “Notice on Matters Relating to Establishing Stock Repurchase and Refinancing”, and the People's Bank of China and the China Securities Regulatory Commission jointly issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to clarify business processes, operating elements, and the rights and obligations of the parties involved in the swap facilitation operation. At the 2024 Financial Street Forum annual meeting, Pan Gongsheng, Governor of the People's Bank of China, said that on September 27, the deposit reserve ratio was lowered by 0.5 percentage points. It is expected that before the end of the year, depending on market liquidity conditions, the deposit reserve ratio will be further lowered by 0.25 to 0.5 percentage points; the 7-day reverse repurchase operating interest rate in the open market will be lowered by 0.2 percentage points; and the medium-term loan facility interest rate will drop 0.3 percentage points. At around 10:13, the index suddenly gained strength. At one point, the Shanghai Composite Index pulled from a drop of more than 0.5% to an increase of more than 1.3%. Sectors such as finance, real estate, and consumer, which had weak performance in early trading, clearly picked up at this time. Among them, the brokerage sector showed the strongest increase, with individual stocks such as Tianfeng Securities and Oriental Wealth surging. At the close of the morning, the Shanghai Stock Exchange Index rose 0.67%, the Shenzhen Stock Exchange Index rose 1.64%, and the GEM Index rose 3.29%. In terms of individual stocks, Shuangcheng Pharmaceutical went up and down, and achieved 19 ups and downs in the past 21 trading days.