The RMB central parity against the USD was set at 6.8628, down 20 bps MoM. The People's Bank of China conducted RMB126.2 billion of seven-day reverse repos in the open market today (30th), with the operation rate unchanged at 1.4%. With RMB0.5 billion of reverse repos maturing today, the single-day net injection amounted to RMB125.7 billion.China's manufacturing PMI edged down to 50.3 in April, beating expectations; the non-manufacturing PMI fell to 49.4, missing expectations. The April RatingDog manufacturing PMI rose to 52.2, also exceeding expectations.Related NewsExports YoY for Apr in China is 14.1%, higher than the previous value of 2.5%. The forecast was 7.9%.The three major A-share indices were mixed. The Shanghai Composite closed the half-day at 4,111, up 3 points or 0.09%, with turnover of RMB848.45 billion; the Shenzhen Component Index closed the half-day at 15,111, down 9 points or 0.06%, with turnover of RMB957.3 billion; the ChiNext Index closed the half-day at 3,682, down 4 points or 0.1%, with turnover of RMB412.4 billion.Among mainland banks, ICBC (601398.SH) -0.080 (-1.094%) and CCB (601939.SH) -0.020 (-0.208%) fell 0.4% and rose 0.5%, respectively. ICBC's quarterly net profit increased 3.3% YoY. CCB's 1Q net profit rose 3.5% YoY. BANK OF CHINA (601988.SH) -0.020 (-0.348%) slipped 0.7%, with 1Q net profit up 4.17% YoY. MINSHENG BANK (600016.SH) -0.030 (-0.815%) dropped 1.1%, as its 1Q net profit declined 9.64% YoY. CSC (601066.SH) -0.180 (-0.781%) gained 4.4%, with 1Q net profit surging 99.03% YoY.In addition, BYD Company (002594.SZ) -0.630 (-0.635%) fell 2.4%. SERES (601127.SH) +0.710 (+0.818%) declined 1.7%, with 1Q net profit up 0.89% YoY. CONTEMPORARY AMPEREX (300750.SZ) +2.800 (+0.649%) edged down 1.2%.Related NewsInflation Rate YoY for Apr in China is 1.2%, higher than the previous value of 1.0%. The forecast was 0.8%.Leading property developers continued to advance. VANKE A (000002.SZ) -0.110 (-2.683%) narrowed its loss to RMB5.95 billion in 1Q26, with its shares rising 1.6%. GREENLAND HOLDINGS (600606.SH) -0.020 (-1.235%) jumped 8.8%. GEMDALE (600383.SH) -0.080 (-2.564%) added 1.7%. Shenzhen further optimized housing policies, easing home purchase restrictions in core districts starting today.Chip-related stocks moved higher. SMIC (688981.SH) -0.120 (-0.098%) A-shares rose 5%. HUA HONG (688347.SH) -0.040 (-0.025%) A-shares gained 4.4%. AI chipmaker CAMBRICON (688256.SH) +39.010 (+3.053%) opened higher and extended gains, surging 17.3% to a record high by midday. Its 1Q net profit soared 185.04% YoY. METAX (688802.SH) +5.600 (+0.721%) narrowed its 1Q net loss to RMB98.8424 million, with shares up 6.9%. MOORE THREADS (688795.SH) +0.950 (+0.132%) rose 4.6%.YANGTZE OPTICAL FIBRE (601869.SH) -4.500 (-1.094%) reported a 226.4% YoY increase in 1Q net profit, but its shares fell 5.7%.Related NewsVehicle Sales YoY for Apr in China is -2.5%, lower than the previous value of -0.6%.GIGADEVICE (603986.SH) +11.450 (+3.239%) climbed 2.5%, posting 1Q net profit of RMB1.461 billion, up 522.79% YoY.YILI (600887.SH) -0.110 (-0.393%) rose 3.2%, with 1Q net profit increasing 10.68% YoY. (ta/da)(A Shares quote is delayed for at least 15 mins.)
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