PBOC conducted a CNY 1 bln 7-day reverse repo today; bid and allotment were CNY 1 bln and the rate was 1.40%, unchanged.

Markets rose in morning trade. At midday, Shanghai Composite +0.49%, Shenzhen Composite Index +1.31%, ChiNext +1.75%. CRO stocks led gains with Baihua Pharmaceuticals posting a fourth consecutive daily limit-up. PCB names saw multiple limit-ups, including Jingwang Electronics and Hongban Technology. Rare-earth permanent-magnet names were active, with China Rare Earth hitting the daily limit. CPO, minor metals, components and electronic chemicals outperformed. Digital currency, grain, property, coal and gaming sectors lagged. About 3,000 stocks declined and half-day turnover exceeded 1.6 trillion yuan.

股市资金流向图：今日沪深两市主力资金净流出382.56亿元，占比1.51%；大单资金净流出206.60亿元，占比0.82%；小单资金净流入332.37亿元，占比1.31%。