The three major A-share indices of Shanghai and Shenzhen opened lower by 0.2% to 0.3%, with some brokerage stocks softening and rare earth stocks showing mixed performance

The People's Bank of China today (15th) conducted a 238 billion yuan (the same below) seven-day reverse repurchase operation in the open market, with the operation interest rate remaining at 1.4%. Today, 122 billion yuan of reverse repos matured, resulting in a net injection of 116 billion yuan for the day. On the same day, the central bank conducted a 500 billion yuan fixed-quantity, interest rate tender, and multiple price bidding reverse repurchase operation, with a term of six months (182 days). The central parity rate of the yuan against the US dollar was lowered by 34 points to 7.1371.

The three major indices of A-shares opened lower. The Shanghai Composite Index opened at 3,659 points, down 6 points or 0.2%. The Shenzhen Component Index opened at 11,419 points, down 32 points or 0.3%. The ChiNext Index opened down 4 points or 0.2%, at 2,464 points.

Domestic bank stocks, China Construction Bank (601939.SH) and Industrial and Commercial Bank of China (601398.SH), opened up 0.2% and 0.1%, respectively. In addition, CATL (300750.SZ) and BYD (002594.SZ) opened down 0.5% each.

Some brokerage stocks softened, with Dongfang Securities (600958.SH) and Bank of China Securities (601696.SH) opening down 0.5% and 1.4%, respectively.

Rare earth stocks showed mixed developments, with Jintian Copper (601609.SH) rising 5.8%. Hengdian East Magnetic (002056.SZ), Invt (002334.SZ), and Longi Magnet Technology (300835.SZ) opened down 0.3% to 0.9%.

Aimeike (300896.SZ) opened down 0.6%, as its holding subsidiary REGEN Company is involved in significant arbitration.

Chongqing Beer (600132.SH) opened down 1.4%, with a net profit of 865 million yuan in the first half of the year, a year-on-year decrease of 4.03%. Its holding subsidiary plans to increase capital by 600 million yuan to Carlsberg Foshan Company