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Closing Bell (June 22, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, both indexes changed direction and dropped below Friday level. Close to market end, only Shenzhen Index increased back to the opening level. Till market closed, Electronic and Computer led the gain. Customer Service and Steel led the fall. In total, both markets traded 828.53 billion RMB, 6.38% dod.

OpenClose% Change(bn yuan)
Shanghai2966.92965.27-0.08346.03
Shenzhen11680.4111702.440.29482.51
CSI 3004097.514102.050.08259.20
ChiNext2328.42342.881.01173.90
SectorTop 1Led byTop 2Led by
Upward-leadingElectronic300023Computer300458
Downward-leadingCustomer Service002638Steel601005

NEWS

*IDC: China’s artificial intelligence software and application market size reached US$2.89 billion in 2019

According to the “Chinese artificial intelligence software and applications (second half of 2019) tracking”, in 2019 China’s artificial intelligence software and application market will reach USD 2.89 billion, including hardware, and the overall market size will reach USD 6 billion. By 2024, China’s artificial intelligence software and application market will reach USD 12.75 billion, with a compound growth rate of 39.0% in 2018-2024.

*The Hang Seng Index Company said that it launched five new indexes today, including the Hang Seng Shanghai-Shenzhen-Hong Kong China 500 Index, the Hang Seng A-Share Connect China 300 Index, the Hang Seng Shanghai-Shenzhen-Hong Kong Stock Connect China New Infrastructure Index, the Hang Seng Defense Industry Index, the Hang Seng A Share Defense Industry Index .

*The Guangdong Provincial Department of Industry and Information Technology recently stated that Guangdong Province is the world’s largest 5G industry cluster, gathering a large number of powerful 5G core enterprises and related companies to form a 5G industry covering device materials, main equipment, terminal manufacturing and industrial applications. Chain system. As of the end of March 2020, the total number of 5G base stations in Guangdong Province was 42,698. Guangdong will continue to increase the construction of 5G base stations. At the end of the third quarter of this year, 48,000 5G base stations will be built in the province, and more than 60,000 5G base stations will be newly built by the end of the year. Regional 5G networks are continuously covered.

*Today, Taobao released the “100 million freshman plan”, officially announced to enter the field of education. Relying on Taobao’s 800 million active users, live streaming, marketing, applets and other tools, and the ability to “guess what you want to learn”, Taobao will build a new online education infrastructure to help over 1,000 education institutions and over 10,000 kids.

*The Ministry of Industry and Information Technology revealed that the Ministry of Industry and Information Technology will accelerate the inter-industry integration of the intelligent connected vehicle industry, improve the level of intelligent road infrastructure, and build a comprehensive application system for the Internet of Vehicles.

*According to the monitoring of the Ministry of Agriculture and Rural Affairs, on June 22, the “Agricultural Wholesale Price 200 Index” was 114.58, an increase of 1.06 points from last Friday, and the “Vegetable Basket” product wholesale price 200 index was 116.34, an increase of 1.22 points from last Friday. As of 14:00 today, the average price of pork in the national agricultural wholesale market was 44.02 yuan, up 1.8% from last Friday; eggs were 6.45 yuan, up 1.1% from last Friday.

*Ruifeng Optoelectronics said on the interactive platform that the Magical Partner sterilization box launched by the subsidiary Ziguang was effective in killing coronavirus after being tested by a third-party authority. At present, the company’s Magical Partner sterilization box is sold externally through channels and distributors at home and abroad.

*Shenzhen Airport released the May 2020 production and operation newsletter. In May, passenger throughput was 2,559,500, a decrease of 41.05% year-on-year; cargo and mail throughput was 115,700 tons, an increase of 8% year-on-year.

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