The three major indices of A-shares in Shanghai and Shenzhen fluctuated upwards in the first half of the day, with bank stocks steadily rising

The People's Bank of China today (4th) conducted a 34 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 525.9 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 49.19 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.1535, down 12 points.

The three major A-share indices showed mixed performance in the early session. The Shanghai Composite Index rose 14 points or 0.4%, closing at 3,475 points, with a turnover of 335.9 billion yuan; the Shenzhen Component Index rose 5 points or 0.5%, closing at 10,540 points, with a turnover of 526.8 billion yuan; the ChiNext Index rose 3 points or 0.2%, closing at 2,168 points, with a turnover of 256.6 billion yuan.

The domestic bank stocks, China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH), rose 1.3% and 1.4% respectively. Shanghai Pudong Development Bank (600000.SH) and Bank of Beijing (601169.SH) rose 2.9% and 2.3% respectively.

The innovative drug concept continues to rise, with Sinocelltech (688520.SH) and Cosunter (300436.SZ) rising 12.5% and 16.9% respectively. Jiuzi Holdings (000989.SZ) rose 9%.

Photovoltaic stocks retreated, with Oujing Technology (001269.SZ) and Xiouqiang Co., Ltd. (300160.SZ) each falling 6%.

BYD (002594.SZ) fell 0.7%. Contemporary Amperex Technology Co., Limited (300750.SZ) rose 1%