<div id="readability-page-1"><div>The People's Bank of China (PBOC) stated that it will continue to implement a moderately accommodative monetary policy and further improve the interest rate regulation framework. The RMB central parity against the USD was set at 6.8426, up 41 bps MoM. Today (12th), the PBOC conducted RMB500 million seven-day reverse repo operations in the open market at an unchanged rate of 1.4%. With no reverse repos maturing, the single-day net injection amounted to RMB500 million. The three major A-share indices opened 0.1% to 0.5% higher.The Shanghai Composite Index opened up 4 points or 0.1% at 4,229. The Shenzhen Component Index opened up 53 points or 0.3% at 15,952. The ChiNext Index opened up 18 points or 0.5% at 3,947.Among bank stocks, ICBC (601398.SH) +0.060 (+0.803%) opened 0.1% higher, while CCB (601939.SH) +0.100 (+1.042%) opened 0.2% lower. BYD Company (002594.SZ) -0.880 (-0.876%) opened down 0.5%. CONTEMPORARY AMPEREX (300750.SZ) -6.710 (-1.504%) opened 0.1% higher.In the chip sector, SMIC (688981.SH) +1.160 (+0.947%) and HUA HONG (688347.SH) -4.520 (-2.749%) opened up 1.6% and down 0.4%, respectively. AI chipmaker CAMBRICON (688256.SH) +12.570 (+1.047%) opened flat. Domestic GPU stocks METAX (688802.SH) -12.020 (-1.526%) and MOORE THREADS (688795.SH) -10.500 (-1.464%) opened down 1.1% and 0.6%, respectively. LQKJ (688008.SH) -17.390 (-6.978%) opened down 3.4%. Optical fibre stock YANGTZE OPTICAL FIBRE (601869.SH) +28.010 (+6.997%) opened 1.4% higher.*ST WINGTECH (600745.SH) -1.140 (-4.978%) said control over Nexperia remains temporarily restricted, with its share price closing down nearly 5%. (jl/a)(A Shares quote is delayed for at least 15 mins.)</div></div>

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The People's Bank of China (PBOC) will maintain a moderately accommodative monetary policy and improve interest rate regulation. The RMB central parity against the USD is set at 6.8426, up 41 bps MoM. The three major A-share indices opened higher, with the Shanghai Composite up 0.1%, Shenzhen Component up 0.3%, and ChiNext up 0.5%. LQKJ fell over 3%, while YANGTZE OPTICAL FIBRE rose 1.4%. Bank stocks showed mixed results, with ICBC slightly up and CCB slightly down.

Three Major Indices Open 0.1%0.5% Higher; LQKJ Falls Over 3%