The Beijing Stock Exchange 50 Index rose over 3%, with Tonghui Electronics, Huami New Materials, Naconor, Parallel Technology, and Wantong Hydraulics leading the gains. This surge was driven by news that Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), announced measures including the launch of the Beijing Stock Exchange 50 ETF, the allocation of new shares by market capitalization on the Beijing Stock Exchange, and innovative evaluation standards.