On Wednesday, January 22, the three major A-share indices fell collectively, with the North Securities 50 dropping over 2%. The People's Bank of China conducted a 14-day reverse repurchase operation of 1.1575 trillion yuan today, with a winning rate of 1.65%, unchanged from before. Today, 959.5 billion yuan of reverse repos are set to mature. As of the time of publication, the Shanghai Composite Index is down 0.4%, the Shenzhen Component Index is down 0.48%, and the ChiNext Index is down 0.26%. As of the time of publication, the Hang Seng Index is down 0.59%, and the Hang Seng Tech Index is down 0.79%. Nio and Dongfang Zhenxuan are down over 6%, and JD.com is down 4.6%. 【9:38】 Government bond futures opened, with the 30-year main contract up 0.27%, the 10-year main contract up 0.11%, the 5-year main contract up 0.05%, and the 2-year main contract up 0.01%. Hong Kong Stocks: Sunac China Rises Over 4% Sunac's domestic company bond restructuring has been completed, and it is seeking a more comprehensive overseas debt solution. Hong Kong Stocks: New Oriental Drops Over 30% at Market Open Previously announced financial reports showed Dongfang Zhenxuan once dropped over 9%. A-shares CPO and Copper High-Speed Connection Concepts Continue to Strengthen Dekeli, Huamai Technology, and Xinya Electronics hit the daily limit, Shenglan Co. rose over 17%, and Ruikeda, Taichengguang, and Chuangyitong followed suit.