The central parity rate of RMB against USD was set at 6.8635, down 41 bps MoM. The Peoples Bank of China conducted RMB6 billion seven-day reverse repos in the open market today (22nd), with the operation rate unchanged at 1.4%. With RMB500 million of reverse repos maturing today, the net liquidity injection for the day was RMB5.5 billion.The three major A-share indices opened lower in the morning but rebounded in the afternoon. The SHCI regained the 4,100 level, while the ChiNext Index outperformed with a gain of over 1%. The SHCI closed near the days peak at 4,106, up 21 points or 0.5%, with turnover of RMB1.09 trillion. The SZSE Component Index closed near the high at 15,177, up 195 points or 1.3%, with turnover of RMB1.47 trillion. The ChiNext Index closed near the high at 3,752, up 63 points or 1.7%, with turnover of RMB691 billion.Mainland banking stocks softened. Industrial and Commercial Bank of China (601398.SH) -0.080 (-1.090%) and China Construction Bank (601939.SH) -0.180 (-1.768%) fell 1.3% and 0.6%, respectively. Contemporary Amperex Technology (300750.SZ) -2.290 (-0.528%) launched a new battery, but its shares slipped 1%. BYD (002594.SZ) -1.890 (-1.953%) closed flat.China Unicom (600050.SH) -0.020 (-0.452%) declined 3.4% after its 1Q26 net profit fell 17.6% YoY. China Mobile (600941.SH) -0.460 (-0.458%) edged down 0.9%.Selected brokerage stocks rebounded. Harbin Investment (600864.SH) -0.020 (-0.359%) surged 6.6%. Huatai Securities (601688.SH) +0.350 (+1.881%) , GF Securities (000776.SZ) +0.220 (+1.159%) and First Capital (002797.SZ) -0.050 (-0.722%) each rose over 2%.Leading chipmakers stabilized. Semiconductor Manufacturing International Corporation (688981.SH) +4.790 (+3.616%) A-shares gained 0.4%. Hua Hong Semiconductor (688347.SH) +13.280 (+5.863%) A-shares rose 0.6%. AI chipmaker Cambricon (688256.SH) +86.600 (+6.662%) added 0.5%. Rockchip (603893.SH) +2.780 (+1.584%) climbed 2.3% after reporting 1Q26 net profit of RMB329 million, up 57.15% YoY.Semiconductor-related stocks rallied. Luwei Optoelectronics (688401.SH) -0.500 (-0.652%) soared 19.6%. Helin Micro-Nano (688661.SH) +22.520 (+20.004%) jumped 15.3%. Leading IC (600641.SH) +1.620 (+6.316%) hit the daily limit-up.Optical fiber-related stocks advanced. Yangtze Optical Fibre and Cable (601869.SH) +40.870 (+9.999%) rose 8%. Yongding (600105.SH) +4.710 (+9.492%) and Hangdian (603618.SH) +1.770 (+4.190%) both hit limit-up. In addition, Foxconn Industrial Internet (601138.SH) +3.090 (+3.862%) surged 8.9%, while Sharetronic Data Technology (300857.SZ) +11.970 (+5.082%) also hit limit-up.Enlight Media (300251.SZ) -0.150 (-1.209%) slumped 7.8% after its 1Q26 net profit plunged 98.85% YoY. The company also proposed to sell no more than 4% of its stake in ArcVideo Technology (688039.SH) -0.130 (-0.297%) , which fell 1.2%. (ta/da)(A Shares quote is delayed for at least 15 mins.)
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