Photosynthetic characteristics of two hybrid rice combinations, Peiai 64S/E32 and Shanyou 63, were compared at the panicle differentiation stage. As compared with Shanyou 63, the new combination Peiai 64S/E32 showed a significantly higher net photosynthetic rate (PN), apparent quantum yield of carbon assimilation (Φc), carboxylation efficiency (CE), and photorespiratory rate (RP) as well as leaf chlorophyll content, but a significantly lower dark respiration rate (RD) and compensation irradiance (Ic). It also showed a slightly higher photochemical efficiency (Fv/Fm and ΔF/Fm') of photosystem 2, a lower non-photochemical quenching (qN), and a similar CO2 compensation concentration (Γ) as compared to Shanyou 63. and Hua Jiang ... [et al.].