The central parity of RMB against USD was set at 6.8594, up 54 bps MoM.The People's Bank of China conducted RMB5 billion seven-day reverse repos in the open market today (21st), with the operation rate unchanged at 1.4%. With RMB1 billion of reverse repos maturing today, the single-day net injection was RMB4 billion.Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,075 points, down 6 points or 0.2%. The Shenzhen Component Index opened at 14,920 points, down 46 points or 0.3%. The ChiNext Index opened at 3,662 points, down 15 points or 0.4%.Among bank stocks, ICBC (601398.SH) 0.000 (0.000%) opened flat. China Construction Bank (601939.SH) 0.000 (0.000%) opened 0.2% higher. China Mobile (600941.SH) 0.000 (0.000%) opened 0.7% higher, despite reporting a 4.2% YoY decline in 1Q net profit.Chip stocks were generally weaker. SMIC (688981.SH) 0.000 (0.000%) A-shares opened 0.6% lower. Hua Hong Semiconductor (688347.SH) 0.000 (0.000%) A-shares opened 1% lower. AI chipmaker Cambricon (688256.SH) 0.000 (0.000%) opened 1.3% lower. Domestic GPU makers Muxi Co., Ltd. (688802.SH) 0.000 (0.000%) and Moore Threads (688795.SH) 0.000 (0.000%) opened 1.8% and 0.8% lower, respectively.Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than StarbucksBYD (002594.SZ) 0.000 (0.000%) opened flat. CATL (300750.SZ) 0.000 (0.000%) opened 0.6% higher. Tianqi Lithium (002466.SZ) 0.000 (0.000%) opened 4.8% higher after forecasting a YoY increase of 1,530.31% to 1,818.01% in 1Q net profit.TCL Smart Home (002668.SZ) 0.000 (0.000%) opened 3% higher, with 1Q net profit rising 1.58% YoY. (ta/a)(A Shares quote is delayed for at least 15 mins.)
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