--- title: "The three major A-share indices of Shanghai and Shenzhen opened higher, with the ChiNext rising 2.3%. The three oil giants quickly rebounded, and CATL rose nearly 5% after earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/278474284.md" description: "The three major A-share indices opened higher, with the Shanghai Composite Index at 4,098 points, the Shenzhen Component Index at 14,239 points, and the ChiNext Index at 3,281 points. The central parity rate of the RMB against the USD was reported at 6.8982, reaching a new high for 2023. CATL opened 4.9% higher and plans to distribute a cash dividend of 69.57 yuan. The three major oil companies opened lower due to a decline in international oil prices, with CNOOC dropping nearly 10%. Power and grid equipment stocks continued to rise, with GCLET opening 3.9% higher" datetime: "2026-03-10T01:32:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278474284.md) - [en](https://longbridge.com/en/news/278474284.md) - [zh-HK](https://longbridge.com/zh-HK/news/278474284.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278474284.md) | [繁體中文](https://longbridge.com/zh-HK/news/278474284.md) # The three major A-share indices of Shanghai and Shenzhen opened higher, with the ChiNext rising 2.3%. The three oil giants quickly rebounded, and CATL rose nearly 5% after earnings The central parity rate of the RMB against the US dollar is reported at 6.8982, an increase of 176 points from the previous day, reaching a new high since April 25, 2023. The People's Bank of China today (10th) conducted a 39.5 billion RMB seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 34.3 billion RMB of reverse repos are maturing, resulting in a net injection of 5.2 billion RMB for the day. The three major A-share indices opened higher. The Shanghai Composite Index opened at 4,098 points, up 0.05% or 1 point. The Shenzhen Component Index opened at 14,239 points, up 171 points or 1.2%. The ChiNext Index opened at 3,281 points, up 73 points or 2.3%. Banking stocks such as Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened lower by 0.3% and 0.6%, respectively. In addition, CATL (300750.SZ) opened up 4.9%, with a net profit of 72.201 billion RMB last year, a year-on-year increase of 42.28%, and plans to distribute a cash dividend of 69.57 RMB (including tax) for every 10 shares to all shareholders. The company also plans to register and issue bonds not exceeding 40 billion RMB. BYD (002594.SZ) opened down 0.4%. U.S. President Trump stated that military actions against Iran would soon end, causing international oil prices to drop sharply, leading to declines in the three major oil companies, with CNOOC (600938.SH) falling nearly 10%. PetroChina (601857.SH) and Sinopec (600028.SH) opened lower by 5.7% and 7.1%, respectively. Chip stocks rose, with SMIC (688981.SH) opening up 1.7%. Hua Hong (688347.SH) opened up 2.9%. AI chip stock Cambricon (688256.SH) opened up 2%. Domestic GPU stocks such as Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened lower by 1.1% and 1.8%, respectively. Power and grid equipment stocks continued to rise, with GCLET (002015.SZ), Liyuan New Energy (001258.SZ), and Guodian Nanzi (600268.SH) opening up between 3.9% and 7%. Megvii Technology (03268.HK) was included in the Hong Kong Stock Connect list by the Shenzhen Stock Exchange today, with A shares (002881.SZ) opening up 1.2% ### Related Stocks - [CNOOC (600938.CN)](https://longbridge.com/en/quote/600938.CN.md) - [PETROCHINA (00857.HK)](https://longbridge.com/en/quote/00857.HK.md) - [CATL (300750.CN)](https://longbridge.com/en/quote/300750.CN.md) - [GCLET (002015.CN)](https://longbridge.com/en/quote/002015.CN.md) - [SINOPEC CORP (00386.HK)](https://longbridge.com/en/quote/00386.HK.md) - [Sinopec Corp. (600028.CN)](https://longbridge.com/en/quote/600028.CN.md) - [CATL (03750.HK)](https://longbridge.com/en/quote/03750.HK.md) - [CNOOC (00883.HK)](https://longbridge.com/en/quote/00883.HK.md) - [PETROCHINA (601857.CN)](https://longbridge.com/en/quote/601857.CN.md) ## Related News & Research - [Contemporary Amperex Technology plans to issue bonds](https://longbridge.com/en/news/278390266.md) - [Contemporary Amperex Technology Co., Limited Reports Earnings Results for the Full Year Ended December 31, 2025](https://longbridge.com/en/news/278448286.md) - [CATL posts 42% profit jump in 2025](https://longbridge.com/en/news/278393554.md) - [Contemporary Amperex Technology Co., Limited Class H (3750) Receives a Buy from DBS](https://longbridge.com/en/news/278471797.md) - [CATL Publishes Unaudited 2025 Annual Results and Details Forthcoming Full Report](https://longbridge.com/en/news/278460140.md)