The three major indices of A-shares in Shanghai and Shenzhen opened slightly lower, while pharmaceutical-related stocks continued to rise

The People's Bank of China today (17th) conducted a seven-day reverse repurchase operation in the open market amounting to 450.5 billion yuan (the same below), with the operation interest rate remaining at 1.4%. Today, 90 billion yuan of reverse repos are maturing, resulting in a net injection of 360.5 billion yuan for the day. The central parity rate of the yuan against the US dollar is reported at 7.1461, up 65 points, marking the largest increase since May.

The three major indices of A-shares opened slightly lower. The Shanghai Composite Index opened at 3,500 points, down 3 points or 0.1%. The Shenzhen Component Index opened at 10,718 points, down 1 point or 0.02%. The ChiNext Index opened down 1 point or 0.07%, at 2,228 points.

Banking stocks such as China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) opened down 0.2% and 0.1%, respectively. Real estate stocks, including Greenland Holdings (600606.SH), continued to decline, opening down 3.4% this morning.

Pharmaceutical-related stocks continued to rise, with Rundu Pharma (002923.SZ) and Lishengpharma (002393.SZ) opening up 2.6% and 6.8%, respectively.

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