The three major A-share indices of the Shanghai and Shenzhen stock exchanges opened mixed, with chip stocks showing weakness; Cambricon opened down over 2%
Today, the central parity rate of the RMB against the USD was lowered by 16 points to 7.0749. The People's Bank of China conducted a 139.8 billion yuan seven-day reverse repurchase operation at an interest rate of 1.4%, with a net withdrawal of 161.5 billion yuan, and launched a 1 trillion yuan 91-day buyout reverse repurchase. The three major A-share indices opened mixed, with the Shanghai Composite Index opening down 2 points, the Shenzhen Index opening up 13 points, and the ChiNext Index opening up 16 points. Domestic bank stocks were slightly weak, while CATL opened up 1%. Chip stocks were also slightly weak, with Cambricon denying rumors of increased AI chip production, and its stock price opened down 2.2%
