The three major A-share indices of Shanghai and Shenzhen opened higher by 0.3%-0.5%, gold-related stocks rose, and CMS opened up 11.8%

The central parity rate of the RMB against the US dollar was raised by 103 points today, reported at 6.9755 per US dollar. The People's Bank of China conducted a 37.75 billion yuan (the same below) seven-day reverse repurchase operation today (28th), with the operation rate remaining at 1.4%. Today, 36.35 billion yuan of reverse repos are maturing, resulting in a net injection of 14 billion yuan for the day.

The three major indices of A-shares opened higher. The Shanghai Composite Index opened at 4,150 points, up 0.3% or 10 points. The Shenzhen Component Index opened at 14,371 points, up 42 points or 0.3%. The ChiNext Index opened at 3,359 points, up 17 points or 0.5%.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened down 0.3%. China Construction Bank (601939.SH) opened up 0.1%. Guotai Junan (601211.SH) opened up 0.8%, with the company expecting a 111% year-on-year increase in net profit by 2025.

Vanke A (000002.SZ) opened up 2.7%, receiving a loan of no more than 2.36 billion yuan from Shenzhen Metro Group. The proposal to extend Vanke's medium-term notes was approved, temporarily avoiding the risk of public debt default.

International gold prices hit a new high, with spot gold prices breaking above 5,200 USD per ounce for the first time, leading to gains in gold-related stocks. Zijin Mining (601899.SH), Zhaojin Mining (000506.SZ), Shandong Gold (600547.SH), and Chifeng Jilong Gold Mining (600988.SH) opened up 2%-6.5%. Zhongjin Gold (600489.SH) opened up 2.1%, with a projected year-on-year increase in net profit of 41.76% to 59.48% for last year. The company clarified that it mainly engages in the research and development, processing, retail, wholesale, and repurchase of gold jewelry, and does not hold exploration or mining rights. Hunan Gold (002155.SZ) plans to acquire two core assets to integrate the gold industry chain, with its stock price hitting the daily limit again.

In the chip sector, SMIC A (688981.SH) opened up 0.8%. Hua Hong (688347.SH) opened flat. AI chip stock Cambrian (688256.SH) opened up 0.7%. Muxi Co., Ltd. (688802.SH) opened up 0.7%, releasing the X series scientific intelligent GPU, with an expected narrowing of net losses in 2025 to between 650 million and 798 million yuan. Zhongwei Semiconductor (688380.SH) opened up 11.8%, with the company issuing a price increase notice, deciding to adjust prices for products such as MCU and Norflash, with an increase of 15% to 50%.

Wanda Film (002739.SH) opened down 1.1%, expecting the company to turn a profit of 480 million to 550 million yuan in 2025 after losses.

CanSino (688185.SH) opened up 1%, expecting the company to turn a profit of 24.5 million to 29 million yuan in 2025 In addition, CATL (300750.SZ) opened down 0.5%. BYD (002594.SZ) opened flat. Ganfeng Lithium (002460.SH) opened up 1.1%, with the company expected to turn a profit of 1.1 billion to 1.65 billion yuan in 2025