The three major A-share indices of Shanghai and Shenzhen opened lower, gold-related stocks were weak, and China Aluminum fell over 6%

The central parity rate of the Renminbi against the US dollar was raised by 93 points to 6.9678 per US dollar, reaching a new high since May 16, 2023. The People's Bank of China today (30th) conducted a 47.75 billion Renminbi (the same below) seven-day reverse repurchase operation in the open market, with the operation rate remaining at 1.4%. Additionally, 125 billion Renminbi in reverse repos are maturing, resulting in a net injection of 35.25 billion Renminbi for the day.

The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,131 points, down 0.6% or 25 points. The Shenzhen Component Index opened at 14,214 points, down 85 points or 0.6%. The ChiNext Index opened at 3,301 points, down 2 points or 0.09%.

Domestic bank stocks opened higher, with Industrial and Commercial Bank of China (601398.SH) up 0.1%. China Construction Bank (601939.SH) opened flat. Domestic real estate stock Vanke A (000002.SZ) opened down 1.4%.

International gold prices fell, and gold-related stocks generally declined at the opening, with Shandong Gold (600547.SH) and Chifeng Gold (600988.SH) down 7.5% and 8.3%, respectively. Zhongjin Gold (600489.SH) and Zhaojin Mining (000506.SZ) both hit the daily limit down. Zijin Mining (601899.SH) opened down 5.2%, as it plans to issue zero-coupon secured convertible bonds totaling 1.5 billion US dollars due in 2031 under general authorization. Meanwhile, Hunan Gold (002155.SZ) opened at the daily limit up.

China Aluminum (601600.SH) fell 6.4%, as the company and Rio Tinto plan to acquire a 68.6% stake in Brazilian aluminum for approximately 6.286 billion Renminbi.

In addition, CATL (300750.SZ) opened up 1.9%. BYD (002594.SZ) opened flat