---
title: "The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened slightly higher, with steel stocks showing mixed performance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247057754.md"
description: "Today, the three major A-share indices opened slightly higher, with the SSE Index at 3,456 points, the Shenzhen Index at 10,431 points, and the ChiNext Index at 2,130 points. The People's Bank of China conducted a 57.2 billion yuan seven-day reverse repurchase operation, maintaining the interest rate at 1.4%. The central parity rate of the yuan against the US dollar was adjusted to 7.1523. Steel stocks showed mixed performance, with Wujin Stainless opening down 3.2% and LIU STEEL CO opening up 9.6%. Domestic bank stocks saw China Construction Bank open up 0.1%, BYD open up 0.1%, and CATL open up 0.4%"
datetime: "2025-07-03T01:31:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247057754.md)
  - [en](https://longbridge.com/en/news/247057754.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247057754.md)
---

# The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened slightly higher, with steel stocks showing mixed performance

The People's Bank of China today (3rd) conducted a 572 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 509.3 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 452.1 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.1523, an increase of 23 points.

The three major A-share indices opened slightly higher. The SSE Index opened at 3,456 points, up 1 point or 0.04%. The Shenzhen Index opened at 10,431 points, up 18 points or 0.2%. The ChiNext Index opened up 7 points or 0.3%, at 2,130 points.

Banking stocks saw mixed performance, with China Construction Bank (601939.SH) opening up 0.1%, and Industrial and Commercial Bank of China (601398.SH) opening flat.

Steel stocks showed varied movements, with Wujin Stainless (603878.SH) opening down 3.2%, and LIU STEEL CO (601003.SH) opening up 9.6%.

BYD (002594.SZ) opened up 0.1%. Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.4%

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