The RMB central parity against the USD was set at 6.8203, lowered by 19 bps MoM. According to demand from primary dealers in open market operations, the PBOC conducted zero seven-day reverse repo operations today (4th); meanwhile, RMB101.3 billion of repos matured, resulting in a single-day net liquidity withdrawal of RMB101.3 billion. The three major A-share indices opened 0.7% to 1.2% lower and fell 0.3% to 0.8% for the full day.The Shanghai Composite Index closed down 26 points, or 0.64%, at 4,057, with turnover of RMB1.27 trillion. The Shenzhen Component Index fell 43 points, or 0.27%, to close at 15,661, with turnover of RMB1.48 trillion. The ChiNext Index declined 34 points, or 0.83%, to close at 4,088, with turnover of RMB697.607 billion.Related NewsRANGE TECHNOLOGY (300442.SZ) Reportedly In Talks for HKD20B Loan to Build Sha Ling Data ParkAmong mainland banks, ICBC (601398.SH) +0.110 (+1.521%) and CCB (601939.SH) +0.190 (+1.894%) fell 0.7% and 0.3%, respectively. Insurers CHINA LIFE (601628.SH) +0.330 (+1.016%) dropped 1.2%, while CHINA PACIFIC INSURANCE (601601.SH) +0.030 (+0.097%) fell nearly 1%. In addition, BYD Company (002594.SZ) -0.430 (-0.460%) declined 1.5%. CONTEMPORARY AMPEREX (300750.SZ) -5.200 (-1.274%) slid 4.3%.In the chip sector, SMIC (688981.SH) -7.480 (-5.546%) rose 0.7%, while HUA HONG (688347.SH) -17.000 (-6.967%) gained 4.6%. The company announced that its securities short name will be changed to "Hua Hong Hongli" starting next Monday (8th). AI chipmaker CAMBRICON (688256.SH) -59.700 (-4.393%) fell 1.4%. Domestic GPU makers METAX (688802.SH) -14.300 (-1.974%) and MOORE THREADS (688795.SH) -22.020 (-3.357%) dropped 4.2% and 1.8%, respectively. LQKJ (688008.SH) -20.280 (-7.810%) rose 2.3%. Optical fibre producer YANGTZE OPTICAL FIBRE (601869.SH) -14.220 (-3.119%) gained 2.5%. Memory chipmaker GIGADEVICE (603986.SH) -41.310 (-7.805%) surged 7.5%.A-share "new king" SEMIGHT INSTRUMENTS (688808.SH) +25.010 (+1.180%) climbed 5.8% to close at RMB2,119.99, with a total market capitalization of RMB217.652 billion. KWEICHOW MOUTAI (600519.SH) +4.860 (+0.383%) fell 1.1% to RMB1,268, with a total market capitalization of RMB1.59 trillion.BOE A (000725.SZ) +0.280 (+4.553%) hit the daily limit up. The company said its glass-based packaging substrate has been partially delivered for sampling but has not yet achieved mass production revenue.ZTE (000063.SZ) +1.390 (+3.683%) rose 3.6% after partnering with Tencent to launch a WorkBuddy AI cloud PC equipped with the Hunyuan large model. (jl/u)(A Shares quote is delayed for at least 15 mins.)
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