The three major indices of A-shares in Shanghai and Shenzhen opened slightly higher, BYD preferred, Blue Rocket rose over 7%

The central parity rate of the RMB against the US dollar was raised by 5 points today, reported at 7.0103 per US dollar.

The People's Bank of China today (13th) conducted a 358.6 billion RMB (same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Today, 16.2 billion RMB of reverse repos are maturing, resulting in a net injection of 342.4 billion RMB for the day.

The three major A-share indices opened slightly higher. The Shanghai Composite Index opened at 4,168 points, up 4 points or 0.1%. The Shenzhen Component Index opened at 14,397 points, up 30 points or 0.2%. The ChiNext Index opened up 2 points or 0.07%, reported at 3,390 points.

Banking stocks such as Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opened up 0.1% and 0.2%, respectively. In addition, Contemporary Amperex Technology Co., Ltd. (300750.SZ) opened up 1.3%. BYD Company Limited (002594.SZ) opened up 1.6%.

Chip stocks were slightly weak, with SMIC A (688981.SH) and Hua Hong Semiconductor (688347.SH) opening down 0.1% and 1.4%, respectively. AI chip stock Cambricon (688256.SH) opened down 1.7%. Domestic GPU stocks such as Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened up 0.3% and 1%, respectively.

Wentai Technology (600745.SH) opened down 1%, as its subsidiary in India is in dispute with the counterparty's subsidiary Luxshare Precision over the transaction of an asset package related to its Indian business. Recently, this dispute has been submitted to the Singapore International Arbitration Centre.

Blue Rocket (301348.SZ) plans to acquire no less than 51% equity in Chengdu Xinyi to expand into the chip design industry chain, with its stock price rising 7.2% at the opening