<div id="readability-page-1"><div>The RMB central parity against USD was set at 6.8184, adjusted stronger by 3 bps MoM. The PBOC did not conduct seven-day reverse repo operations in the open market today (3rd), with the operation rate unchanged at 1.4%. Meanwhile, RMB177.6 billion of repos matured, resulting in a single-day net withdrawal of RMB177.6 billion. The three major A-share indices opened mixed and extended gains in early trading, rising 0.6% to 4% by midday.The Shanghai Composite closed at 4,097 at midday, up 22 points or 0.56%, with turnover of RMB854.641 billion. The Shenzhen Component Index rose 359 points or 2.31% to 15,951, with turnover of RMB1.03 trillion. The ChiNext Index broke above the 4,200 mark for the first time in history, surging 160 points or 3.97% to 4,216, with turnover of RMB488.287 billion.Among financials, ICBC (601398.SH) -0.060 (-0.817%) fell 0.8%, while CCB (601939.SH) -0.150 (-1.473%) declined 1.5%. In insurance, CHINA LIFE (601628.SH) -0.140 (-0.421%) slipped 0.4% and CHINA PACIFIC INSURANCE (601601.SH) -0.280 (-0.883%) dropped 0.9%. BYD Company (002594.SZ) -1.970 (-2.036%) fell 2% after announcing plans to build 20,000 fast-charging stations by year-end. CONTEMPORARY AMPEREX (300750.SZ) -1.620 (-0.373%) edged down 0.4%.Chip stocks advanced, with SMIC (688981.SH) +5.650 (+4.265%) up 4.3% and HUA HONG (688347.SH) +15.350 (+6.777%) rising 6.8%. AI chipmaker CAMBRICON (688256.SH) +124.890 (+9.607%) jumped 9.6%. Domestic GPU makers METAX (688802.SH) +42.080 (+6.342%) and MOORE THREADS (688795.SH) +35.560 (+5.769%) gained 6.3% and 5.8%, respectively. LQKJ (688008.SH) +26.010 (+10.975%) climbed nearly 11%. Optical fibre maker YANGTZE OPTICAL FIBRE (601869.SH) +40.870 (+9.999%) hit the daily limit up. Memory chip firm GIGADEVICE (603986.SH) +33.370 (+7.030%) rose 7%.A-share &#34;new king&#34; SEMIGHT INSTRUMENTS (688808.SH) +211.000 (+11.344%) surged 11.3% to RMB2,071, with total market capitalization of RMB212.623 billion. KWEICHOW MOUTAI (600519.SH) -26.360 (-2.016%) fell 2% to RMB1,280.86, with total market capitalization of RMB1.6 trillion. The company adjusted its final dividend for last year to RMB28.02 per share.In addition, FOXCONN INDUSTRIAL INTERNET (601138.SH) +4.670 (+5.837%) advanced 5.8%, with total market capitalization exceeding KWEICHOW MOUTAI to reach RMB1.68 trillion. ZHONGJI INNOLIGHT (300308.SZ) +123.700 (+10.379%) surged 10.4% to RMB1,315.51, with its share price surpassing that of KWEICHOW MOUTAI, ranking fourth among A-share stocks by share price. (jl/da)(A Shares quote is delayed for at least 15 mins.)</div></div>

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A-share indices rose midday, with ChiNext breaking 4,200. Chip stocks surged, led by AI and GPU makers. Foxconn Industrial Internet's market cap exceeded Kweichow Moutai's, while Zhongji Innolight's share price surpassed Moutai's. Conversely, financials and BYD declined.

AASTOCKS News

ChiNext

Moutai

Zhongji Innolight

SSE Index

Shenzhen Index

ICBC

China Life

CPIC

BYD COMPANY

CATL

SMIC

Hua Hong Grace

HUA HONG GRACE

Cambricon

MetaX

Moore Threads

Montage Technology

YOFC

GIGADEVICE

Semight

CHINA LIFE

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

SMIC HK SDR 5to1

MONTAGE TECH

A-Share Three Major Indices Up 0.6%-4% at Midday, ChiNext Tops 4,200; FOXCONN INDUSTRIAL INTERNET  Mkt Cap Exceeds KWEICHOW MOUTAI