The three major stock indices surged in the afternoon and all closed higher, with A500ETF Huaxia (512050) rising by 1.22%.

On March 24th, the three major stock indices continued to rise in the afternoon, with the China Securities A500 Index closing higher. As of 3:00 PM, the A500 ETF Huaxia (512050) closed up 1.22%. Among the related constituent stocks, Zijin Mining rose 5.30%, Industrial Bank increased 2.63%, and New EasySense gained 1.64%. China Ping An, Midea Group, China Merchants Bank, and others also saw slight gains. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

Today, the three major A-share indices continued to rise in the afternoon, with the Shanghai Composite up 1.78%, the Shenzhen Component up 1.43%, and the ChiNext Index up 0.50%. In response, CICC stated that in the medium to long term, the core drivers of this round of A-share recovery and Chinese asset revaluation are the resonance between the reconstruction of the international order and China’s industrial innovation trend. Against the backdrop of ongoing macro paradigm shifts and reforms in the capital market system, the underlying environment of A-shares is undergoing structural improvements, and the medium to long-term trend of steady growth is expected to continue.

CITIC Securities’ Chief A-Share Strategist, Qiu Xiang, also said that overall, the past three months can be seen as a market rotation driven by expectations and narrative battles during the spring rally and phased cooling. It is not the decisive factor for the entire year. The broader recovery of PPI, price transmission, and the restoration of corporate profitability are the directions with both expectation differences and growth potential this year.