<div id="readability-page-1" class="page"><div>The RMB central parity against the USD was set at 6.8291, down 3 bps MoM. The PBOC conducted RMB177.6 billion seven-day reverse repos in the open market today (27th), with the operating rate unchanged at 1.4%; meanwhile, RMB50 billion of repos matured, resulting in a net daily injection of RMB127.6 billion. The three major A-share indices opened mixed.The Shanghai Composite Index opened down 6 pts, or 0.16%, at 4,138. The Shenzhen Component Index opened down 7 pts, or 0.05%, at 15,868. The ChiNext Index opened up 10 pts, or 0.26%, at 4,053.Among bank stocks, ICBC (601398.SH) +0.030 (+0.418%) opened flat, while CCB (601939.SH) +0.090 (+0.873%) opened down 0.8%. In insurance, CHINA LIFE (601628.SH) -0.040 (-0.118%) opened down 0.6% and CHINA PACIFIC INSURANCE (601601.SH) -0.250 (-0.753%) opened down 0.4%. In addition, BYD Company (002594.SZ) -0.380 (-0.394%) opened down 0.6%, while CONTEMPORARY AMPEREX (300750.SZ) +20.500 (+5.093%) opened up 2.8%.Among chip stocks, SMIC (688981.SH) +0.920 (+0.617%) opened up 0.6%, while HUA HONG (688347.SH) -1.400 (-0.629%) opened down 2%. AI chipmaker CAMBRICON (688256.SH) -13.900 (-0.985%) opened down 1.8%. Domestic GPU names METAX (688802.SH) -14.670 (-1.995%) and MOORE THREADS (688795.SH) -12.370 (-1.747%) opened down 0.3% and 0.1%, respectively. LQKJ (688008.SH) +11.650 (+4.279%) opened up 4.7%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) +0.690 (+0.190%) opened down 0.3%. Memory chipmaker GIGADEVICE (603986.SH) +18.780 (+3.569%) opened up 2.8%. (jl/a)(A Shares quote is delayed for at least 15 mins.)</div></div>

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The Shanghai Composite Index opened down 6 points at 4,138, while the Shenzhen Component Index fell 7 points to 15,868. The ChiNext Index rose 10 points to 4,053. The RMB central parity against the USD was set at 6.8291, down 3 bps MoM. The PBOC injected a net RMB127.6 billion through reverse repos. Notable stock movements included LQKJ up nearly 5% and CONTEMPORARY AMPEREX up 2.8%.

Shanghai Composite Opens Down 6 Pts; LQKJ Up Nearly 5%