--- title: "The Shanghai Composite Index opened 4 points lower, with domestic bank stocks showing weakness and oil stocks remaining stable" type: "News" locale: "en" url: "https://longbridge.com/en/news/292550210.md" description: "The three major A-share indices opened with little change, with the Shanghai Composite Index opening down 4 points. The People's Bank of China had a net injection of 226.5 billion yuan in a single day. Domestic bank stocks, domestic insurance stocks, and BYD generally opened lower, while chip stocks such as SMIC and Cambricon mostly opened higher. Due to the tense situation between the U.S. and Iran, international oil prices rose, with oil stocks like CHINA OILFIELD and PETROCHINA all opening up over 1%" datetime: "2026-07-14T01:41:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292550210.md) - [en](https://longbridge.com/en/news/292550210.md) - [zh-HK](https://longbridge.com/zh-HK/news/292550210.md) generator: "portal-rs" --- # The Shanghai Composite Index opened 4 points lower, with domestic bank stocks showing weakness and oil stocks remaining stable China will announce June's import and export data today (14th). The central parity rate of the RMB against the US dollar is reported at 6.7990, down 18 points from the previous day. The People's Bank of China conducted a 7-day reverse repurchase operation of 236.5 billion RMB, with another 10 billion RMB reverse repos maturing, achieving a net injection of 226.5 billion RMB for the day. The three major A-share indices opened with little change. The SSE Index opened down 4 points or 0.12%, at 3,909 points. The Shenzhen Component Index opened up 9 points or 0.07%, at 14,532 points. The ChiNext Index opened up 6 points or 0.16%, at 3,729 points. Domestic bank stocks Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened down 0.9% and 1.4%, respectively, while China Merchants Bank (600036.SH) opened down 0.4%. Domestic insurance stocks China Life (601628.SH) opened down 0.6%, and China Pacific Insurance (601601.SH) opened up 0.1%. Additionally, BYD (002594.SZ) opened down 0.1%. Contemporary Amperex Technology Co., Limited (300750.SZ) opened down 1.8%. In the chip sector, Semiconductor Manufacturing International Corporation (688981.SH) opened up 1.3%, and Hua Hong Semiconductor (688347.SH) opened up 1.4%. AI chip stock Cambricon (688256.SH) opened up 1.4%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) opened down 0.7%, while Moore Threads (688795.SH) opened up 1.9%. Lattice Semiconductor (688008.SH) opened flat. Fiber optic stock Yangtze Optical Fibre and Cable Joint Stock Limited Company (601869.SH) opened flat. Storage stock GigaDevice Semiconductor (603986.SH) opened up 0.04%. Among the three major optical module companies, Zhongji Xuchuang (300308.SZ) opened up 0.05%, Tianfu Communication (300394.SZ) opened down 0.8%, and Newray (300502.SZ) opened up 2.4%. The situation between the US and Iran remains tense, leading to rising international oil prices, with oil stocks stabilizing. China Oilfield Services Limited (601808.SH) and PetroChina (601857.SH) both opened up over 1% ### Related Stocks - [000001.CN](https://longbridge.com/en/quote/000001.CN.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [601808.CN](https://longbridge.com/en/quote/601808.CN.md) - [688256.CN](https://longbridge.com/en/quote/688256.CN.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [02883.HK](https://longbridge.com/en/quote/02883.HK.md) - [159546.CN](https://longbridge.com/en/quote/159546.CN.md) - [516570.CN](https://longbridge.com/en/quote/516570.CN.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [159731.CN](https://longbridge.com/en/quote/159731.CN.md) - [399001.CN](https://longbridge.com/en/quote/399001.CN.md) - [399006.CN](https://longbridge.com/en/quote/399006.CN.md) - [601398.CN](https://longbridge.com/en/quote/601398.CN.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [601939.CN](https://longbridge.com/en/quote/601939.CN.md) - [00939.HK](https://longbridge.com/en/quote/00939.HK.md) - [600036.CN](https://longbridge.com/en/quote/600036.CN.md) - [03968.HK](https://longbridge.com/en/quote/03968.HK.md) - [601628.CN](https://longbridge.com/en/quote/601628.CN.md) - [02628.HK](https://longbridge.com/en/quote/02628.HK.md) - [601601.CN](https://longbridge.com/en/quote/601601.CN.md) - [02601.HK](https://longbridge.com/en/quote/02601.HK.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688802.CN](https://longbridge.com/en/quote/688802.CN.md) - [688795.CN](https://longbridge.com/en/quote/688795.CN.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [601869.CN](https://longbridge.com/en/quote/601869.CN.md) - [06869.HK](https://longbridge.com/en/quote/06869.HK.md) - [603986.CN](https://longbridge.com/en/quote/603986.CN.md) - [300308.CN](https://longbridge.com/en/quote/300308.CN.md) - [300394.CN](https://longbridge.com/en/quote/300394.CN.md) - [300502.CN](https://longbridge.com/en/quote/300502.CN.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) - [HPCD.SG](https://longbridge.com/en/quote/HPCD.SG.md) ## Related News & Research - [New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant](https://longbridge.com/en/news/296193427.md) - [Daiwa Raises SMIC TP to HKD40, Maintains Sell Rating](https://longbridge.com/en/news/296051680.md) - [BYD Fang Cheng Bao opens pre-orders for Formula S models](https://longbridge.com/en/news/296572980.md) - [BYD starts Da Han EV pre-sales at about $36,800, range tops 1,008 km](https://longbridge.com/en/news/296566091.md) - [BYD Fang Cheng Bao to debut Tai 9 SUV at Chengdu Auto Show](https://longbridge.com/en/news/296237389.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**