"Shenzhen" China’s March LPR remains unchanged A-shares three major indices open mixed ChiNext opens high at 1.6% Three oil companies and oil and gas stocks decline computing power stocks strengthen

AASTOCKS
2026.03.20 01:29

The central parity rate of the Renminbi against the US dollar is reported at 6.8898, an increase of 77 points from the previous day, reaching a new high since April 25, 2023.

The People's Bank of China announced today (20th) that the one-year and five-year Loan Prime Rates (LPR) for March remain unchanged at 3.00% and 3.50%, respectively, in line with market expectations, maintaining the rates for ten consecutive months. On the same day, the central bank conducted a seven-day reverse repurchase operation of 20.5 billion yuan, with the operation rate remaining at 1.40%. Today, 37.5 billion yuan of reverse repos are maturing, resulting in a net withdrawal of 17 billion yuan for the day.

The three major A-share indices opened mixed. The SSE Index opened at 4,004 points, down 1 point or 0.05%. The Shenzhen Index opened at 14,021 points, up 119 points or 0.9%. The ChiNext Index opened at 3,362 points, up 52 points or 1.6%.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened flat. China Construction Bank (601939.SH) opened down 0.1%. Additionally, Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 1.1%. BYD (002594.SZ) opened down 0.3%.

International oil prices fell, with the "three oil giants" showing weakness, as CNOOC (600938.SH), PetroChina (601857.SH), and Sinopec (600028.SH) opened down 1.6% to 4.5%. Oil and gas stocks saw ZPEC (603619.SH) open down 6%. Shandong Molong (002490.SZ) also opened down 9.8%.

Chip stocks showed mixed performance, with Semiconductor Manufacturing International Corporation (688981.SH) opening down 0.7%. Hua Hong Semiconductor (688347.SH) opened up 1.6%. AI chip stock Cambricon Technologies (688256.SH) opened up 0.2%.

Computing power stocks strengthened, with Mentech (002902.SZ) and RAISECOM (603803.SH) both hitting the daily limit up at market open

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