A shares across the board staged a big counterattack! Two main lines are raging

On July 11, A shares opened, the three major indexes all opened higher, as of press, the Shanghai index rose 0.84%, the Shenzhen component index rose 2%, the GEM index rose more than 2.4%, nearly 5,000 stocks in the Shanghai, Shenzhen and North three markets recorded gains.

A shares across the board staged a big counterattack! Two main lines are raging

Stimulated by favorable policies, the A-shares opened today, and the three major indexes opened higher across the board, as of press, the Shanghai Index rose 0.84%, the Shenzhen Component Index rose 2%, the GEM index rose more than 2.4%, and nearly 5,000 stocks recorded gains. On the news, the CSRC approved the application of the China Securities Financial Company to suspend the securities lending business, which will be implemented from today. Institutions believe that the suspension of margin lending and the overall increase in margin lending margin ratio will help to boost market sentiment to some extent.

The Hong Kong stock market also surged across the board, as of 10:20, the Hang Seng index rose 1.58 percent, Hang Seng Technology index rose 2.1 percent; New energy vehicle stocks collectively strengthened, Xiaopeng Automobile soared by more than 8%, Ideal Automobile rose by more than 6%, and NIO rose by more than 4%.

At the same time, there is a big positive news from the periphery. Overnight, Federal Reserve Chairman Powell released a rate cut signal, the futures market is expected that the probability of the Federal Reserve rate cut in September rose to 77%.China International Capital Corporation limited(27.700, 0.54, 1.99%)believed that the interest rate cut trading ushered in a key window, the Fed's interest rate cut will reduce the external constraints of China's monetary easing, conducive to China's bond market and exchange rate performance, interest rate cuts are also good for stocks, commodities and other risk assets.

The main reason for the collective strength of the plate today is that the major good news announced by the CSRC. On July 10, the CSRC approved in accordance with the law the application of the China Securities Financial Corporation to suspend the securities lending business, which will be implemented from July 11, 2024. The exchange also raised the margin ratio from no less than 80% to 100%, and the margin ratio of private securities investment funds participating in margin lending from no less than 100% to 120%, effective July 22.