<div id="readability-page-1"><div>The RMB central parity against USD was set at 6.8240, adjusted stronger by 51 bps MoM. The Peoples Bank of China conducted RMB101.3 billion seven-day reverse repos in the open market today (28th), with the operation rate unchanged at 1.4%. With RMB100 billion of reverse repos maturing, the single-day net injection was RMB1.3 billion. The three major A-share indices opened lower by 0.1% to 0.3% and then diverged.The Shanghai Composite closed at 4,087 at midday, down 5 pts or 0.14%, with turnover of RMB826.608 billion. The Shenzhen Component Index fell 40 pts or 0.26% to 15,695, with turnover of RMB957.6 billion. The ChiNext Index rose 8 pts or 0.21% to 4,054, with turnover of RMB441.4 billion.Banking stocks were weaker, with ICBC (601398.SH) -0.060 (-0.843%) down 0.8% and CCB (601939.SH) -0.120 (-1.174%) down 1.2%. Among insurers, CHINA LIFE (601628.SH) -0.390 (-1.166%) fell 1.2% and CHINA PACIFIC INSURANCE (601601.SH) -0.780 (-2.390%) dropped 2.4%. BYD Company (002594.SZ) -0.810 (-0.851%) declined 0.9%. CONTEMPORARY AMPEREX (300750.SZ) -4.080 (-0.984%) slipped nearly 1%, as its subsidiary reportedly held talks with Zhangxue Locomotive on potential cooperation.Among chipmakers, SMIC (688981.SH) +9.890 (+6.764%) hit an intraday record high of RMB159.05 and rose 6.8% at midday to RMB156.11. HUA HONG (688347.SH) +32.330 (+14.995%) surged 15% to RMB247.94, also marking a record high. AI chipmaker CAMBRICON (688256.SH) +39.680 (+2.961%) gained 3%. Domestic GPU names METAX (688802.SH) +2.080 (+0.299%) and MOORE THREADS (688795.SH) -4.550 (-0.675%) rose 0.3% and fell 0.7%, respectively. LQKJ (688008.SH) -5.230 (-1.970%) dropped 2%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) -1.910 (-0.522%) edged down 0.5%. Memory chipmaker GIGADEVICE (603986.SH) -25.310 (-4.922%) slid 4.9%. (jl/da)(A Shares quote is delayed for at least 15 mins.)</div></div>

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The Shanghai Composite Index fell 5 points to 4,087 at midday, down 0.14%. The Shenzhen Component Index decreased by 40 points, while the ChiNext Index rose by 8 points. SMIC surged nearly 7% to an intraday high, and HUA HONG jumped 15% to a record high. The RMB central parity against USD was set at 6.8240, with the People's Bank of China injecting RMB1.3 billion through reverse repos.

AASTOCKS News

Hua Hong

HUA HONG SEMI

Shenzhen Index

SSE Index

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Guotai CSI All Share Integrated Circuit ETF

SMIC

ChiNext

ICBC

China Life

CHINA LIFE

CPIC

BYD COMPANY

CATL

Cambricon

MetaX

Moore Threads

Montage Technology

YOFC

GIGADEVICE

SMIC HK SDR 5to1

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

MONTAGE TECH

Shanghai Composite Slips 5 pts at Midday; SMIC  Up Nearly 7%, HUA HONG Surges 15% to Record High