Shanghai Morning Express: 'Three Oil Giants' Hit Two Consecutive Limit-Ups, Issue Collective Risk Warnings; 000711 Resumes Trading Today

On March 3, 2026, China's energy market experienced significant volatility. Yankuang Energy Group saw net institutional purchases totaling 6.53 billion yuan (approximately $842.3 million) over the previous three trading sessions, accounting for 8.25% of its total transaction volume. Multiple oil and gas-related ETFs, such as Yinhua Oil & Gas ETF and Harvest S&P Oil & Gas ETF, surged by their daily limit. Simultaneously, Sinopec issued an announcement confirming that its stock price had deviated by over 20% cumulatively across three consecutive trading days from February 27 to March 3. The company stated its production and operations remain normal. This activity reflects intense market focus on China's fossil energy sector and short-term speculative trading.