The three major indices of the Shanghai and Shenzhen A-shares opened higher by 0.2%, gold stocks rebounded significantly, and Nanjing Panda opened nearly 3% higher

AASTOCKS
2026.01.23 01:32

The RMB central parity has risen above "7" and reached a high not seen in over two and a half years, adjusting by 90 points to 6.9929 against the US dollar. The People's Bank of China today (22nd) conducted a 210.2 billion yuan (the same below) seven-day reverse repurchase operation, with the operation rate remaining at 1.4%. Today, 179.3 billion yuan of reverse repos are maturing, resulting in a net injection of 30.9 billion yuan for the day. On the same day, the central bank conducted a 900 billion yuan Medium-term Lending Facility (MLF) operation, with a term of one year.

The three major A-share indices opened higher. The Shanghai Composite Index opened at 4,130 points, up 0.2% or 7 points. The Shenzhen Component Index opened at 14,349 points, up 21 points or 0.2%. The ChiNext Index opened at 3,334 points, up 5 points or 0.2%.

Banking stocks opened flat, with Industrial and Commercial Bank of China (601398.SH) opening unchanged. China Construction Bank (601939.SH) opened up 0.1%. Nanjing Bank (601009.SH) opened nearly 1% higher, with a projected net profit of 21.807 billion yuan in 2025, an annual increase of 8.08%. Additionally, CATL (300750.SZ) opened up 0.6%. BYD (002594.SZ) opened up 0.1%. Dongfeng Motor (600006.SH) is expected to see an expanded net loss in 2025, with losses of 390 million to 480 million yuan, and its stock price opened down 1.5%.

International gold prices rose, and gold-related stocks rebounded significantly, with Zhaojin Mining (000506.SZ), Shandong Gold (600547.SH), Zhongjin Gold (600489.SH), and Chifeng Jilong Gold Mining (600988.SH) opening up 3.6% to 6.1%. Baiyin Nonferrous (601212.SH) hit the daily limit.

Chip-related stocks were mixed, with Hua Hong Semiconductor (688347.SH) opening down 1.1% and SMIC A (688981.SH) opening flat. AI chip stock Cambricon (688256.SH) opened down 1.2%. Domestic GPU stock Moore Threads (688795.SH) opened down 0.8%.

Nanjing Panda (600775.SH) opened up 2.7%, with the company expected to turn a profit in 2025, earning between 10 million to 15 million yuan

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer