The three major indices of A-shares in Shanghai and Shenzhen opened with little change, gold mining stocks performed well

The central parity rate of the RMB against the US dollar was lowered by 16 points to 6.9771 per US dollar. The People's Bank of China today (29th) conducted a seven-day reverse repurchase operation of 354 billion RMB in the open market, with the operation rate remaining at 1.4%. Additionally, 210.2 billion RMB in reverse repos are maturing, resulting in a net injection of 143.8 billion RMB for the day.

The three major A-share indices opened mixed, with the Shanghai Composite Index opening up 4 points or 0.1% at 4,155 points. The Shenzhen Component Index opened down 10 points or 0.07% at 14,332 points. The ChiNext Index opened down 1 point at 3,322 points.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened down 0.1%, while China Construction Bank (601939.SH) opened up 0.2%. In the property sector, Vanke A (000002.SZ) opened down 0.8%.

International gold prices hit a new high, with Zijin Mining (601899.SH) opening up 3.5%, SD GOLD (600547.SH) opening up 7.3%, Chifeng Jilong Gold Mining (600988.SH) opening up 6.7%, and Zhaojin Mining Industry (000506.SZ) hitting the daily limit upon opening.

In the chip-related stocks, SMIC (688981.SH) opened down 0.7%. Hua Hong Semiconductor (688347.SH) opened down 1.5%. AI chip stock Cambricon (688256.SH) opened down 0.05%.

Additionally, CATL (300750.SZ) opened up 0.2%. BYD (002594.SZ) opened down 0.7%. Ganfeng Lithium (002460.SZ) opened down nearly 2%