The three major indices of A-shares in Shanghai and Shenzhen opened with little change, with baby and child concept stocks and assisted reproductive concept stocks opening high

The People's Bank of China today (29th) conducted a 449.2 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 214.8 billion yuan of reverse repos are maturing, resulting in a net injection of 234.4 billion yuan. The central parity rate of the yuan against the US dollar is reported at 7.1511, down 44 points.

The three major indices of A-shares opened with little change. The Shanghai Composite Index opened at 3,595 points, down 2 points or 0.06%. The Shenzhen Component Index opened at 11,199 points, down 17 points or 0.2%. The ChiNext Index opened slightly higher by less than 1 point or 0.01%, at 2,362 points.

Banking stocks such as China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH) both opened flat. In addition, CATL (300750.SZ) opened nearly flat. BYD (002594.SZ) opened up 0.9%.

Stocks related to the baby and child concept and assisted reproduction opened higher, with Beingmate (002570.SZ) and Aiyingshi (603214.SH) hitting the daily limit. The state announced the implementation plan for the childcare subsidy system, stating that starting from 2025, subsidies will be provided for children under the age of 3 who are born in accordance with laws and regulations, until they reach the age of 3. The childcare subsidy will be issued annually, with the current national basic standard set at 3,600 yuan per child per year