- The three major A-share indices opened 0.3% to 1.5% higher, while the PBOC conducted a single-day net withdrawal of RMB 1 billion through reverse repos.
- Banking and insurance stocks generally opened lower, whereas chip, AI-related, and optical module stocks registered varying gains, with ZHONGJI INNOLIGHT surging over 4%.
- Cambricon noted that future market changes may increase inventory impairment risks, prompting plans to expand the market and control risks.
- The RMB central parity rate against the USD was set at 6.7882, and the PBOC conducted a net liquidity withdrawal of RMB5 billion through reverse repos.
- The three major A-share indices reversed higher to gain 0.3%-1.7% by midday, driven by advances in computing power leasing concept stocks and chip stocks.
- Computing power stocks surged following the release of Shanghai's 15th Five-Year Plan and market rumors regarding NVIDIA's potential investments.