The three major A-share indices of Shanghai and Shenzhen opened significantly higher by 0.9% to 2%, with gold and chip stocks rising

The central parity rate of the RMB against the US dollar was raised by 67 points today, reported at 6.9523 per US dollar.

The People's Bank of China today (9th) conducted a 7-day reverse repurchase operation of 113 billion RMB (the same below) in the open market, with the operation rate remaining at 1.4%. Today, 75 billion RMB of reverse repos are maturing, resulting in a net injection of 38 billion RMB for the day.

The three major A-share indices opened significantly higher. The Shanghai Composite Index opened at 4,103 points, up 0.9% or 37 points. The Shenzhen Component Index opened at 14,115 points, up 208 points or 1.5%. The ChiNext Index opened at 3,299 points, up 63 points or 2%.

Banking stocks were slightly weak, with Industrial and Commercial Bank of China (601398.SH) and China Construction Bank (601939.SH) opening down 0.1% and 0.3%, respectively. In addition, CATL (300750.SZ) opened up 0.4%. BYD (002594.SZ) opened up 0.8%.

International gold prices rebounded, with spot gold rising above 5,000 USD, and gold-related stocks opened favorably, with Shandong Gold (600547.SH), Chifeng Jilong Gold Mining (600988.SH), Zhongjin Gold (600489.SH), and Zhaojin Mining (000506.SZ) opening up 1.6% to 2.4%.

Chip-related stocks rose, with SMIC (688981.SH) and Hua Hong (688347.SH) opening up 1.9% and 3.6%, respectively. AI chip stock Cambricon (688256.SH) opened up 2.2%. Domestic GPU stocks Muxi Co., Ltd. (688802.SH) and Moore Threads (688795.SH) opened up 2% and 1.6%, respectively. Goldwind Technology (002202.SZ) opened up 2%.

ZTE Corporation (000063.SZ) plans to invest 200 million RMB to subscribe for shares in the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund, with its stock opening up 1.4%