On April 1, A-shares opened higher. The GEM Index rose 1.75%, the Shenzhen Index rose 1.52%, and the Shanghai Index rose 0.77%.

Securities, precious metals, quantum technology, etc. had the highest gains, with the three markets of Shanghai, Shenzhen and Beijing rising by nearly 4,000 individual stocks.

Treasury bond futures declined across the board. The 30-year main contract fell 0.39%, the 10-year main contract fell 0.20%, the 5-year main contract fell 0.12%, and the 2-year main contract fell 0.03.

In terms of market news, the Caixin China Manufacturing Purchasing Managers' Index (PMI) for March released today recorded 51.1, up 0.2 percentage points from February. It has been in the expansion range for five consecutive months, hitting a new high since March 2023, indicating that manufacturing production and operation activities are accelerating.

Real estate sector boosted

Airport shares rose and stopped, and Yatong shares, Gree Real Estate, Zhongzhou Holdings, Xincheng Holdings, and Urban Construction Development followed suit.

The A-share quantum technology concept strengthened

Huagong Technology and Jida Zhengyuan rose and stopped, Haofeng Technology rose more than 10%, and many stocks such as Dipu Technology, Shenzhou Information, and National Shield Quantum rose more than 5%.

According to the news, the State Council's State-owned Assets Administration Commission recently selected and determined the first batch of sailing enterprises according to the “four new” standards, namely new tracks, new technology, new platforms, and new mechanisms, to speed up the layout of new tracks in new fields and cultivate and develop new quality productivity. Focus on emerging fields such as artificial intelligence, quantum information, and biomedicine.

Here's the 9:30 update:

On April 1, the three major A-share indices collectively opened higher. The Shanghai Index opened 0.26% higher, the Shenzhen Index opened 0.54% higher, and the GEM Index opened 0.84% higher.

Sectors such as securities, precious metals, 5.5G, and iron ore had the highest gains.

In terms of individual stocks, the Changjiang Securities bid went up and down, and the rest of the brokerage stocks collectively opened higher, and Tianfeng Securities, Zheshang Securities, and Fangzheng Securities followed suit. According to the news, on the evening of March 29, Changjiang Securities issued an announcement stating that Changjiang Industrial Investment Group Co., Ltd., a subsidiary of Hubei state-owned capital, transferred all 863 million shares of Changjiang Securities held by Hubei Energy and Three Gorges Capital through private transfer, accounting for 15.6% of the total share capital, and will become the largest shareholder of Changjiang Securities. In addition, Zheshang Securities announced that it intends to transfer a total of 19.14% of Guodu Securities shares.

In terms of market news, the central bank carried out a 7-day reverse repurchase operation of 2 billion yuan today. The winning bid interest rate was 1.80%, which is the same as before. Since a 7-day reverse repurchase of 50 billion yuan expired today, a net return of 48 billion yuan was achieved.

China's official manufacturing PMI rebounded strongly to 50.8 in March, returning to the expansion range. The expansion of the non-manufacturing PMI accelerated in March, rising for four consecutive months to 53.0%.

On March 29, the Shanghai Stock Exchange issued a statement stating that the company's main board IPO application was terminated due to the withdrawal of the issuance and listing application by Syngenta Group Co., Ltd. and its sponsor.