The three major indices of the mainland A-shares in Shanghai and Shenzhen opened higher by 0.3% to 1%, with the weight of the domestic banks slightly lower, and Moer Thread performing well

The People's Bank of China announced on December 5 that the 5-year and 1-year LPR rates remain unchanged, in line with expectations. The central parity rate of the RMB against the US dollar was lowered by 22 points today (22nd), reported at 7.0572 against one US dollar. The People's Bank of China conducted a 7-day reverse repurchase operation of 67.3 billion RMB (same below) in the open market, with the operation rate remaining at 1.4%. Today, 130.9 billion RMB of reverse repos are maturing. The net withdrawal today is 63.6 billion RMB.

The three major A-share indices in mainland China opened higher this morning, with the Shanghai Composite Index opening up 10 points or 0.26%, reported at 3,900 points. The Shenzhen Component Index opened up 85 points or 0.65%, reported at 13,225 points. The ChiNext Index opened up 31 points or 1%, reported at 3,153 points.

Major weighted banks, ICBC (601398.SH) and CCB (601939.SH), opened lower by 0.3% to 0.6%.

BYD (002594.SZ) and CATL (300750.SZ) opened higher by 0.5%, while ZTE (000063.SZ) opened higher by 0.2%.

Major domestic property stocks generally opened slightly lower, with Poly Developments (600048.SH), Gemdale (600383.SH), and Vanke A (000002.SZ) opening lower by 0.3% to 0.6%, and Greenland (600606.SH) opening flat.

Major chip stocks showed a mixed performance, with SMIC (688981.SH) opening higher by 0.9% and Hua Hong (688347.SH) opening higher by 1%. Cambrian (688256.SH) opened higher by 0.6%, and Moore Threads (688795.SH) opened higher by 1%