The People's Bank of China today (10th) conducted a 900 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 572 billion yuan of reverse repos matured, resulting in a net injection of 328 billion yuan. The central parity rate of the yuan against the US dollar was reported at 7.1510, up 31 points.

The three major indices of A-shares gradually stabilized and rose. The Shanghai Composite Index re-entered above 3,500 points, rising 16 points or 0.5% throughout the day, closing at 3,509 points, with a turnover of 613.2 billion yuan; the Shenzhen Component Index rose 49 points or 0.5%, reporting 10,631 points, with a turnover of 881 billion yuan; the ChiNext Index rose 4 points or 0.2%, reporting 2,189 points, with a turnover of 419.45 billion yuan.

Banking stocks continued to strengthen, with Industrial and Commercial Bank of China (601398.SH) rising 2.9%. Agricultural Bank of China (601288.SH), China Construction Bank (601939.SH), and Bank of China (601988.SH) rose by 0.5%-1.8%.

Brokerage stocks performed well, with BOCIC (601696.SH) hitting the daily limit. Hongta Securities (601236.SH) rose by 6.3%.

Real estate stocks strengthened, with UKF (000514.SZ) hitting the daily limit for seven consecutive days. China Fortune Land Development (600340.SH), Everbright Jiabao (600622.SH), and Greenland Holdings (600606.SH) all hit the daily limit. The mainland has increased investment in key areas of new urbanization.

Lithium battery stocks saw Ningde Times (300750.SZ) rise by 0.4%. BYD (002594.SZ) fell by 1.4%