--- title: "The three major A-share indices of Shanghai and Shenzhen rose by 0.4% to 0.9% in the first half of the day, with Cambricon falling nearly 13% and aerospace military industry stocks strengthening" type: "News" locale: "en" url: "https://longbridge.com/en/news/274596057.md" description: "The three major A-share indices rose by 0.4% to 0.9% in the half-day session. The central parity rate of the RMB against the USD was adjusted up by 87 points to 6.9608. The People's Bank of China conducted a 105.5 billion yuan seven-day reverse repurchase operation, with the interest rate maintained at 1.4%. The Shanghai Composite Index closed at 4,031 points, the Shenzhen Component Index at 13,952 points, and the ChiNext Index at 3,289 points. Domestic bank stocks were slightly weak, the three major oil stocks continued to decline, and AI chip stock Cambricon fell nearly 13%. Aerospace and military industry stocks performed strongly, with an increase of 8.2% to 11.3%" datetime: "2026-02-03T03:56:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274596057.md) - [en](https://longbridge.com/en/news/274596057.md) - [zh-HK](https://longbridge.com/zh-HK/news/274596057.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274596057.md) | [繁體中文](https://longbridge.com/zh-HK/news/274596057.md) # The three major A-share indices of Shanghai and Shenzhen rose by 0.4% to 0.9% in the first half of the day, with Cambricon falling nearly 13% and aerospace military industry stocks strengthening The central parity rate of the Renminbi against the US dollar was raised by 87 points today, reported at 6.9608 to one US dollar. The People's Bank of China today (3rd) conducted a seven-day reverse repurchase operation in the open market amounting to 105.5 billion Renminbi (same below), with the operation rate remaining at 1.4%. Today, 402 billion Renminbi of reverse repos are maturing, resulting in a net withdrawal of 296.5 billion Renminbi for the day. The three major indices of A-shares opened higher but turned lower before stabilizing before the noon close. The Shanghai Composite Index closed at 4,031 points, up 15 points or 0.4%, with a turnover of 696.7 billion Renminbi; the Shenzhen Component Index closed at 13,952 points, up 128 points or 0.9%, with a turnover of 907.3 billion Renminbi; the ChiNext Index closed at 3,289 points, up 24 points or 0.8%, with a turnover of 432.7 billion Renminbi. Domestic bank stocks were weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) falling by 1.5% and 1.4%, respectively. The three major oil stocks continued to decline, with China National Offshore Oil Corporation (600938.SH), PetroChina (601857.SH), and Sinopec (600028.SH) dropping between 0.4% and 2.6%. Intercontinental Oil and Gas (600759.SH) hit the daily limit down, and Sinopec Oilfield Service (600871.SH) fell by 7.8%. International gold and silver prices fluctuated, and gold-related stocks continued to decline, with Shandong Gold (600547.SH), Chifeng Jilong Gold Mining (600988.SH), and Zhongjin Gold (600489.SH) dropping between 5.8% and 8.5%. Zhaojin Mining (000506.SZ) opened at the daily limit down. Chip-related stocks showed mixed performance, with SMIC A (688981.SH) and Hua Hong (688347.SH) falling by 1.5% and rising by 1.9%, respectively. AI chip stock Cambricon (688256.SH) plummeted by 12.9%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) fell by 5.1% and 4.7%, respectively. Aerospace and military stocks strengthened, with Triangle Defense (300775.SZ), Aero Engine Corporation of China (600893.SH), and Hangya Technology (688510.SH) rising between 8.2% and 11.3%. Shanghai Construction Engineering (600170.SH) rose by 7.4%, as its subsidiary Municipal General Institute signed a strategic cooperation agreement with Wenchang International Aerospace City Management Bureau. In addition, Contemporary Amperex Technology Co., Limited (300750.SZ) fell by over 1%. BYD (002594.SZ) dropped by 0.7% ### Related Stocks - [Cambricon (688256.CN)](https://longbridge.com/en/quote/688256.CN.md) ## Related News & Research - [Cambricon Returns to Profit in 2025 as Revenue Soars 453%](https://longbridge.com/en/news/277391536.md) - [Cambricon Technologies says prelim 2025 net profit at 2.1 billion yuan](https://longbridge.com/en/news/277183243.md) - [Starfighters Space Delays Annual 10-K Filing](https://longbridge.com/en/news/281397627.md) - [Cambricon Technologies to use capital reserve to offset accumulated losses](https://longbridge.com/en/news/269704729.md) - [US Interior Department says to reduce staff through deferred resignation, early retirement](https://longbridge.com/en/news/281576863.md)