The People’s Bank of China conducted a seven-day reverse repo operation worth 236 billion yuan (hereinafter the same) in the open market today (the 16th), with the operation rate remaining unchanged at 1.4%. Additionally, 612 billion yuan worth of reverse repos matured, resulting in a net withdrawal of 376 billion yuan on 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 between 0.3% and 0.6% lower before fluctuating throughout the session. The Shanghai Composite Index closed at 3,916 points, up 4 points or 0.1%, with a trading volume of 869.27 billion yuan; the Shenzhen Component Index fell 32 points or 0.3%, closing at 13,086 points, with a trading volume of 1.06 trillion yuan; the ChiNext Index rose 11 points or 0.4%, closing at 3,037 points, with a trading volume of 473.69 billion yuan.
Banking stocks remained…
