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the chinese concept stock index rose sharply in the early trading.

on september 24th local time, the three major u.s. stock indexes opened higher collectively. as of press time, the dow jones industrial average rose 0.12%, the nasdaq rose 0.27%, and the s&p 500 rose 0.08%.

popular chinese stocks rose collectively, with the nasdaq china golden dragon index up nearly 7%, futu holdings up more than 13%, bilibili, iqiyi, and tencent music up more than 12%, jd.com and nio up more than 9%, li auto up more than 8%, xpeng motors, alibaba, and pinduoduo up more than 6%.

the ftse china a50 index futures rose by nearly 3% in the night session.

the offshore renminbi rose by more than 300 points against the u.s. dollar.

earlier, the a-share market saw a rare rally in recent years, especially after the afternoon opening, with the shanghai composite index rising more than 100 points. by the close, the shanghai composite index and the shenzhen component index rose by more than 4%, the chinext index rose by more than 5%, and more than 5,100 a-share stocks rose. the hong kong stock market also rose sharply, with the hang seng index closing up more than 4% and the hang seng technology index up nearly 6%.

this evening, the china securities regulatory commission issued the "opinions on deepening the reform of the listed company merger and acquisition market". the main contents include: first, support listed companies to transform and upgrade to new quality productivity. second, encourage listed companies to strengthen industrial integration. third, further improve regulatory tolerance. fourth, improve the transaction efficiency of the restructuring market. fifth, improve the service level of intermediary institutions. sixth, strengthen supervision in accordance with the law.

in order to implement the "opinions on deepening the reform of the merger and acquisition market of listed companies", the china securities regulatory commission and the stock exchanges revised the "administrative measures for major asset restructuring of listed companies" and other rules, and simultaneously solicited public opinions.

detailed report: real measures are coming! csrc: greatly simplify the m&a review process, shorten the review time limit, and improve restructuring efficiency

at the same time, the csrc publicly solicited opinions on the "guidelines for the supervision of listed companies no. 10 - market value management (draft for comments)".

the "guidelines" require listed companies to improve their operating efficiency and profitability based on improving the quality of listed companies, and to use mergers and acquisitions, equity incentives, cash dividends, investor relations management, information disclosure, share repurchases and other methods in accordance with the law and in compliance with actual conditions to promote the improvement of the investment value of listed companies.

the guidelines clarify the responsibilities of relevant parties such as the board of directors, directors and senior management, and controlling shareholders of listed companies, and make specific requirements for major index constituent companies to disclose their market value management systems and for companies with long-term negative net assets to disclose their valuation enhancement plans.

at the same time, the "guidelines" clearly prohibit listed companies from engaging in illegal and irregular activities in the name of market value management.

detailed report: csrc’s big news! how to manage market value? detailed guidelines are here!

earlier, at the "one bank, one commission, and one bureau" press conference this morning, pan gongsheng, governor of the people's bank of china, announced a number of incremental monetary policies: first, lowering the deposit reserve ratio and policy interest rate. second, lowering the interest rate on existing mortgage loans and unifying the minimum down payment ratio for mortgage loans. third, creating new monetary policy tools to support the stable development of the stock market.

wu qing, chairman of the china securities regulatory commission, said at the meeting that the total amount of long-term funds in the capital market is insufficient, the leading role is not sufficient, and the long-term money and long-term investment system has not been fully formed. the china securities regulatory commission and other departments have formulated guiding opinions to promote the entry of medium- and long-term funds into the market and deployed a series of arrangements to support the entry of medium- and long-term funds into the market, focusing on more long-term money, longer term money, and better returns, to promote the entry of medium- and long-term funds into the market.