The three major A-share indices of Shanghai and Shenzhen opened lower by 0.2%-0.4%, chip stocks were weak, and TIANQI LITHIUM opened nearly 5% higher

The central parity rate of the RMB against the USD is reported at 6.8594, an increase of 54 points from the previous day.

The People's Bank of China today (21st) conducted a 7-day reverse repurchase operation of 5 billion RMB in the open market, with the operation rate remaining at 1.4%. Today, 1 billion RMB of reverse repos are maturing, resulting in a net injection of 4 billion RMB for the day.

The three major indices of A-shares opened lower. The Shanghai Composite Index opened at 4,075 points, down 6 points or 0.2%. The Shenzhen Component Index opened at 14,920 points, down 46 points or 0.3%. The ChiNext Index opened at 3,662 points, down 15 points or 0.4%.

In the banking sector, Industrial and Commercial Bank of China (601398.SH) opened flat. China Construction Bank (601939.SH) opened up 0.2%. China Mobile (600941.SH) opened up 0.7%, with its first-quarter net profit declining by 4.2% year-on-year.

Chip stocks were soft, with Semiconductor Manufacturing International Corporation (688981.SH) opening down 0.6%. Hua Hong Semiconductor (688347.SH) opened down 1%. AI chip stock Cambricon Technologies (688256.SH) opened down 1.3%. Domestic GPU stocks MuXi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened down 1.8% and 0.8%, respectively.

BYD (002594.SZ) opened flat. Contemporary Amperex Technology Co., Limited (300750.SZ) opened up 0.6%. TIANQI LITHIUM (002466.SZ) opened up 4.8%, expecting a year-on-year increase in net profit of 1,530.31% to 1,818.01%.

TCL Smart Home (002668.SZ) opened up 3%, with its first-quarter net profit increasing by 1.58% year-on-year