The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened steadily higher, with the ChiNext up 0.8%

The central parity rate of the RMB against the US dollar was raised by 33 points today, reported at 7.0550 to one US dollar, reaching a new high in over 14 and a half months.

The People's Bank of China today (19th) conducted a 7-day reverse repurchase operation of 56.2 billion RMB in the open market, with the operation rate remaining at 1.4%. At the same time, a 14-day reverse repurchase operation was conducted, involving 100 billion RMB. Today, 120.5 billion RMB of reverse repos are maturing, resulting in a net injection of 35.7 billion RMB for the day.

The three major A-share indices opened higher. The SSE Index opened at 3,878 points, up 1 point or 0.05%. The Shenzhen Index opened at 13,116 points, up 62 points or 0.5%. The ChiNext Index opened up 27 points or 0.9%, reported at 3,134 points.

Domestic bank stocks Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened lower by 0.4% and 0.2%, respectively. China International Capital Corporation (601995.SH) retraced by 1.4%. In addition, CATL (300750.SZ) opened up 0.6%. BYD (002594.SZ) opened up 0.5%.

Among the leading domestic chip stocks, SMIC (688981.SH) and Hua Hong Semiconductor (688347.SH) opened up 0.4% and 1.1%, respectively. Cambrian (688256.SH) also opened up 1%