The three major indices of A-shares in Shanghai and Shenzhen moved individually, with domestic bank stocks showing weakness and ZTE opening down 1.1%

AASTOCKS
2025.12.03 01:29

The People's Bank of China today (3rd) conducted a 79.3 billion yuan (the same below) seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. Today, 213.3 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 134 billion yuan for the day.

The three major A-share indices opened mixed. The Shanghai Composite Index opened at 3,894 points, down 3 points or 0.09%. The Shenzhen Component Index opened at 13,071 points, up 14 points or 0.1%. The ChiNext Index opened up 7 points or 0.3%, at 3,078 points.

Banking stocks were slightly weak, with ICBC (601398.SH) and China Construction Bank (601939.SH) opening down 0.4% and 0.5%, respectively. In addition, CATL (300750.SZ) opened flat. BYD (002594.SZ) opened near flat.

Among leading chip stocks, SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) opened down 0.2% and 0.1%, respectively. Technology stock Cambricon (688256.SH) opened up 0.3%. ZTE (000063.SZ) opened down 1.1%

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