The three major indices of A-shares in Shanghai and Shenzhen opened slightly higher, Vanke opened lower, and ZTE has not stopped falling

AASTOCKS
2025.12.04 01:29

The central parity rate of the RMB against the US dollar was raised by 21 points today, reported at 7.0733 per US dollar.

The People's Bank of China today (4th) conducted a 1,808 billion RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 3,564 billion RMB of reverse repos are maturing, resulting in a net withdrawal of 1,756 billion RMB for the day.

The three major indices of A-shares opened slightly higher. The Shanghai Composite Index opened at 3,879 points, up 1 point or 0.04%. The Shenzhen Component Index opened at 12,957 points, up 2 points or 0.02%. The ChiNext Index opened less than 1 point or 0.01% higher, reported at 3,037 points.

Domestic bank stocks were slightly weak, with Industrial and Commercial Bank of China (601398.SH) opening up 0.3% and China Construction Bank (601939.SH) opening down 0.1%. Domestic property stocks, Vanke A (000002.SZ), opened down 1%.

Technology stocks, Cambricon (688256.SH), opened down 0.8%. ZTE Corporation (000063.SZ) fell another 1.1%.

In addition, CATL (300750.SZ) opened up 0.8%. BYD (002594.SZ) opened down 0.1%