China A-shares rebounded, with all three major indexes rising. Changxin Technology jumped 465.82% on its debut; turnover rate topped 66%, intraday成交额 exceeded RMB 140 bln and market cap rose above RMB 3.28 tln, overtaking Industrial and Commercial Bank of China to become the largest A-share by market value. Shanghai- Shenzhen turnover totaled RMB 2.08 tln, up RMB 145.5 bln vs the prior session. Market breadth was strong—about 5,200 stocks advanced and more than 100 hit limit-up. Power stocks led

China A-shares rebounded, with all three major indexes rising. Changxin Technology jumped 465.82% on its debut; turnover rate topped 66%, intraday成交额 exceeded RMB 140 bln and market cap rose above RMB 3.28 tln, overtaking Industrial and Commercial Bank of China to become the largest A-share by market value. Shanghai- Shenzhen turnover totaled RMB 2.08 tln, up RMB 145.5 bln vs the prior session. Market breadth was strong—about 5,200 stocks advanced and more than 100 hit limit-up. Power stocks led rotation: Lixin New Energy logged seven limit-ups in eight sessions and Yinxing Energy two limit-ups in three days. Innovative drug names strengthened—Ha Sanlian recorded three limit-ups in four days, Hainan Haiyao and Yibai Pharmaceutical showed two limit-ups in four sessions. PCB plays rallied in the afternoon; Xianfeng Holdings, International Composite Materials and Honghe Technology hit limit-up. Oil & gas underperformed; Zhongman Petroleum hit the down limit.