The RMB central parity against the USD was set at 6.8635, lowered by 41 bps MoM. Today (22nd), the Peoples Bank of China conducted RMB6 billion seven-day reverse repo operations in the open market, with the operating rate unchanged at 1.4%. With RMB500 million of reverse repos maturing today, the single-day net injection amounted to RMB5.5 billion.The three major A-share indices opened lower. The Shanghai Composite Index opened at 4,074 points, down 10 points or 0.25%. The Shenzhen Component Index opened at 14,897 points, down 84 points or 0.56%. The ChiNext Index opened at 3,660 points, down 28 points or 0.77%.Related NewsLoan Prime Rate 1Y for April 2026 in China is 3.00%, unchanged from its last period. The forecast was 3.0%.Among mainland banks, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (601398.SH) 0.000 (0.000%) and CHINA CONSTRUCTION BANK (601939.SH) +0.010 (+0.103%) opened flat. CHINA UNICOM (600050.SH) -0.010 (-0.222%) opened down 1.5%. CHINA UNICOM (00762.HK) -0.080 (-1.090%) Short selling $15.16M; Ratio 16.395% reported a 17.6% YoY decline in 1Q net profit, while revenue from its computing power business rose 8.3%.Chip stocks were broadly weaker. SMIC (688981.SH) +4.980 (+4.699%) A-shares opened down 0.6%. HUA HONG SEMICONDUCTOR (688347.SH) +15.210 (+12.307%) A-shares opened down 1.2%. AI chip maker CAMBRICON (688256.SH) +29.500 (+2.230%) opened down 0.9%. Domestic GPU makers MOORE THREADS (688795.SH) +32.880 (+5.429%) and MUXI (688802.SH) +48.000 (+7.164%) opened down 0.6% and 0.7%, respectively.BYD (002594.SZ) -0.520 (-0.520%) opened down 0.4%. CATL (300750.SZ) +6.000 (+1.367%) opened nearly flat, as the company launched a battery capable of charging to 98% within six minutes.Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than StarbucksFUYAO GLASS (600660.SH) -0.910 (-1.518%) opened down 2.8% after reporting 1Q net profit of RMB1.712 billion, down 15.68% YoY. (ta/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.) (A Shares quote is delayed for at least 15 mins.)
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