Shanghai and Shenzhen Markets Open Mixed; CAMBRICON Up 4% Post-Results; YANGTZE OPTICAL FIBRE Down 3% at Open
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The Shanghai and Shenzhen markets opened mixed, with the Shanghai Composite down 0.01% and the Shenzhen Component up 0.2%. CAMBRICON shares rose 4% following a 185.04% YoY increase in net profit, while YANGTZE OPTICAL FIBRE fell 3% despite a 226.4% YoY profit increase. The central parity of RMB against USD was set at 6.8628, down 20 bps. The People's Bank of China injected RMB125.7 billion through reverse repos today, maintaining the operating rate at 1.4%.
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