China News Service, September 28th. On the 28th (Wednesday), the three major indexes of A shares opened lower collectively. Shanghai Composite Index opened down 0.15% to 3089.10 points; Shenzhen Component Index fell 0.35% to 11136.18 points; ChiNext Index fell 0.31% to 2367.48 points. The ratio of in all trading html stocks in Shanghai and Shenzhen is 1298:2665, with 8 stocks hitting the daily limit in the two markets and 5 stocks hitting the daily limit.

Source: Tonghuashun iFinD
On the market, gas, oil and gas mining and services, natural gas and other sectors led the two markets, with duty-free shops, metal lead, metal zinc and other sectors leading the decline.
As of September 27, the margin financing and securities lending balance in the Shanghai and Shenzhen stock markets was 1.57 trillion yuan. The balance of financing on that day was 1.47 trillion yuan, a decrease of 1.411 billion yuan from the previous trading day; the balance of margin trading on that day was 101.641 billion yuan, an increase of 1.337 billion yuan from the previous trading day. In terms of
stocks, the number of stocks that hit the daily limit during call bidding for is as follows: Yuan Co., Ltd. (9.95%), Haiou Housing (10.08%), Huitong Energy (10.01%), Shuangcheng Pharmaceutical (10.09%), and Ziyan Food (10.00%).
news, the State Council decided to implement an personal income tax discount for individual pensions supported by policy and commercial operations: payers will be deducted before tax based on the annual limit of 12,000 yuan, and investment income will not be taxed for the time being, and the actual tax burden of receiving income will be reduced from 7.5% to 3%.
Yingda Securities Chief Economist Li Daxiao analyzed that the implementation of personal income tax preferential treatment for personal pensions is a great benefit, and it is of great significance to the defense of the Chinese stock market by 3,000 points, and promotes the long-term healthy and stable development of the Chinese stock market. In his opinion, the long-term insufficient funds of in the A-share market have always plagued the market and are also the source of large market fluctuations. "Promoting pensions into the market is a major policy measure that has been called for many years and has finally been implemented. This is a major positive policy in the history of China's stock market development."
Industrial Securities pointed out that the recent continuous market fluctuations are behind the interweaving resonance of uncertainties at home and abroad, resulting in a sharp contraction of risk appetite in the short term. Judging from many indicators, market pessimistic expectations have been largely reflected in stock prices. Looking back, although the short-term market is still weak due to risk preferences due to internal and external uncertainties disturbances, it believes that the adjustment has been relatively sufficient and the market is already the bottom area. (China Business Network APP)
(The views in the article are for reference only and do not constitute investment advice. Investment is risky, so be cautious when entering the market.)