China's A-shares surge, with semiconductor sector among the top gainers

China News Service, Beijing, September 16 (Reporter Chen Kangliang) China's A-shares surged in volume on the 16th (Wednesday), and all major stock indexes turned red. The semiconductor sector was among the top gainers and performed well.

According to data from financial data service provider Oriental Fortune, the semiconductor sector rose 4.82% that day. In terms of individual stocks, the share prices of Youyan Silicon and Jingsheng Shares hit the daily limit (up about 20%), and the share prices of Jingfeng Mingyuan, Ankaiwei, Fumanwei, and Mingwei Electronics all rose by more than 10%.

In terms of news, China’s Ministry of Industry and Information Technology and the National Development and Reform Commission recently jointly released the “15th Five-Year Plan for the Development of Electronic Information Manufacturing Industry” (hereinafter referred to as the plan), which proposes that by 2030, China’s electronic information manufacturing industry will play a pivotal role in the global industrial structure. The important position of the electronic information manufacturing industry in the industry has been further highlighted, and the operating income of enterprises above designated size has exceeded 30 trillion yuan (RMB, the same below).

Guo Yiming, investment advisory director of Shaanxi Jufeng Investment Information Co., Ltd., said that the recent outstanding performance of A-share semiconductor-related sectors has mainly benefited from the boost of news. In particular, the plan clearly states that by 2030, the revenue of relevant enterprises above the designated size will be targeted at 30 trillion yuan, which provides medium- and long-term policy support for semiconductor and other industries and benefits related listed companies.

In terms of the performance of the major A-share indexes that day, as of the close, the Shanghai Composite Index reported 3,891 points, an increase of 0.71%; the Shenzhen Component Index reported 13,454 points, an increase of 1.26%; the GEM Index reported 3,311 points, an increase of 1.96%. The total transaction volume of the Shanghai and Shenzhen stock markets was approximately 1,839.1 billion yuan, which was approximately 226.4 billion yuan higher than the previous trading day.