<div id="readability-page-1"><div>The central parity of RMB against USD was set at 6.8562 today (6th), up 66 bps MoM, marking the highest level since March 24, 2023. The People's Bank of China conducted RMB26 billion seven-day reverse repo operations in the open market, with the operation rate unchanged at 1.4%. On the same day, the PBOC also conducted RMB300 billion three-month (91-day) outright reverse repo operations through a fixed-quantity, rate-bidding and multiple-price winning method. As RMB800 billion matured, this resulted in a net withdrawal of RMB500 billion.On the first trading day after the May Day holiday, the three major A Share indices opened higher. The Shanghai Composite Index opened at 4,135 points, up 23 points or 0.6%. The Shenzhen Component Index opened at 15,323 points, up 215 points or 1.5%. The ChiNext Index opened at 3,760 points, up 83 points or 2.3%.Banking stocks were mixed. ICBC (601398.SH) -0.100 (-1.342%) opened flat, while CCB (601939.SH) -0.120 (-1.206%) opened down 0.1%. BYD Company (002594.SZ) -2.700 (-2.622%) opened down 1.2%, while CONTEMPORARY AMPEREX (300750.SZ) +17.620 (+4.041%) opened up 4.9%.Chip-related stocks advanced. SMIC (688981.SH) +6.880 (+5.795%) A Share and HUA HONG (688347.SH) +10.300 (+7.305%) A Share each opened up 2.8%. AI chip stock CAMBRICON (688256.SH) +187.580 (+11.034%) opened up 5%. Domestic GPU makers METAX (688802.SH) +33.980 (+4.483%) and MOORE THREADS (688795.SH) +29.280 (+4.091%) opened up 1.7% and 1.8%, respectively.WULIANGYE (000858.SZ) -4.450 (-4.584%) opened down 6.5% after its net profit for last year slumped by more than 70% YoY. The company proposed a share buyback of RMB8 billion to RMB10 billion. CHINA DUTY FREE (601888.SH) -2.360 (-3.596%) also opened down 2.9%. (ta/u)(A Shares quote is delayed for at least 15 mins.)</div>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div>

000858

688256

The Shanghai and Shenzhen markets reopened after the May Day holiday, with the three major A Share indices rising between 0.6% and 2.3%. The central parity of RMB against USD increased to 6.8562, the highest since March 2023. Banking stocks showed mixed results, while chip-related stocks, including CAMBRICON, saw significant gains. WULIANGYE's shares fell 6.5% following a substantial profit decline, despite announcing a share buyback plan. Overall, the market showed positive momentum on the first trading day back.

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Cambricon

SSE Index

Shenzhen Index

ChiNext

ICBC

BYD COMPANY

CATL

SMIC

Hua Hong

HUA HONG SEMI

MetaX

Moore Threads

CTG DUTY-FREE

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

SMIC HK SDR 5to1

Shanghai & Shenzhen Markets Reopen After May Day Holiday; Three Major A Share Indices Open Up 0.6%-2.3%; CAMBRICON  +5%; WULIANGYE  -6.5%