---
title: "The three major A-share indices of Shanghai and Shenzhen opened higher by 0.2%, chip stocks favored, while film and television stocks continued to decline"
description: "Today, the three major indices of A-shares opened 0.2% higher, with the Shanghai Composite Index at 4,123 points, the Shenzhen Component Index at 14,322 points, and the ChiNext Index at 3,313 points. "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276812367.md"
published_at: "2026-02-25T01:30:16.000Z"
---

# The three major A-share indices of Shanghai and Shenzhen opened higher by 0.2%, chip stocks favored, while film and television stocks continued to decline

> Today, the three major indices of A-shares opened 0.2% higher, with the Shanghai Composite Index at 4,123 points, the Shenzhen Component Index at 14,322 points, and the ChiNext Index at 3,313 points. The People's Bank of China conducted a reverse repurchase operation of 409.5 billion yuan, and the central parity rate of the yuan against the US dollar was reported at 6.9321. Chip stocks performed well, with SMIC opening 1% higher and Cambricon opening 0.8% higher. Film and television stocks performed poorly, with Hengdian Film falling to the daily limit and China Film opening 7.2% lower

The People's Bank of China today (25th) conducted a 409.5 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 400 billion yuan of reverse repos are maturing, resulting in a net injection of 9.5 billion yuan for the day; on the same day, a 600 billion yuan MLF operation was conducted, with a term of one year.

The central parity rate of the yuan against the US dollar is reported at 6.9321, an increase of 93 points from the previous day, reaching a new high since May 11, 2023. The three major A-share indices opened higher. The Shanghai Composite Index opened at 4,123 points, up 0.2% or 6 points. The Shenzhen Component Index opened at 14,322 points, up 30 points or 0.2%. The ChiNext Index opened at 3,313 points, up 4 points or 0.2%.

Domestic bank stocks opened flat, with Industrial and Commercial Bank of China (601398.SH) unchanged. China Construction Bank (601939.SH) opened up 0.2%. In addition, CATL (300750.SZ) opened up 0.5%. BYD (002594.SZ) opened flat.

Chip-related stocks are favored, with SMIC (688981.SH) A shares opening up 1%. AI chip stock Cambricon (688256.SH) opened up 0.8%. Hua Hong (688347.SH) A shares opened up 1.7%. Domestic GPU stocks MuXi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened down 0.3% each. Zhongwei Semiconductor (688380.SH) opened up 2%, with a net profit of 285 million yuan last year, a year-on-year increase of 108.05%.

Some film and television stocks continued to decline, with Hengdian Film (603103.SH) hitting the limit down again, and China Film (600977.SH) opening down 7.2%

### Related Stocks

- [588170.CN - ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF](https://longbridge.com/en/quote/588170.CN.md)
- [688256.CN - Cambricon](https://longbridge.com/en/quote/688256.CN.md)
- [159516.CN - Guotai CSI Semiconductor Material Equipment Theme ETF](https://longbridge.com/en/quote/159516.CN.md)
- [159995.CN - ChinaAMC Guozheng Semiconductor Chip ETF](https://longbridge.com/en/quote/159995.CN.md)
- [688981.CN - SMIC](https://longbridge.com/en/quote/688981.CN.md)
- [00981.HK - SMIC](https://longbridge.com/en/quote/00981.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.