The three major indices of A-shares in Shanghai and Shenzhen opened mixed, gold stocks stabilized, and Vanke A opened down 1%

AASTOCKS
2025.12.17 01:30

The central parity rate of the RMB against the US dollar was raised by 29 points to 7.0573 per US dollar. The People's Bank of China today (17th) conducted a 468 billion RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 189.8 billion RMB of reverse repos are maturing, resulting in a net withdrawal of 143 billion RMB for the day.

The three major A-share indices opened mixed. The Shanghai Composite Index opened at 3,822 points, down 2 points or 0.06%. The Shenzhen Component Index opened at 12,927 points, up 12 points or 0.1%. The ChiNext Index opened less than 1 point higher at 3,072 points.

Domestic bank stocks ICBC (601398.SH) and China Construction Bank (601939.SH) opened down 0.1% and up 0.1%, respectively. In addition, CATL (300750.SZ) opened down 0.5%. BYD (002594.SZ) opened up 0.3%. Domestic real estate stock Vanke A (000002.SZ) opened down 1%.

Gold-related stocks stabilized, with Zijin Mining (601899.SH), SD-GOLD (600547.SH), Zhongjin Gold (600489.SH), and Chifeng Jilong Gold (600988.SH) opening up 0.7%-1.1%.

Among the leading chip stocks in mainland China, SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) opened up 0.1% and 0.7%, respectively. Cambrian (688256.SH) opened down 0.3%