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Closing Bell (June 23, 2020)


Sales Trader, International Business Division


In the afternoon, the three major indexes strengthened again, and the growth index of the ChiNext expanded to 1.2% and hit a new high this year. Till market closed, Food & Beverage and Media led the gain. Agriculture and communication led the fall. In total, both markets traded 758.32 billion RMB, down 8.47% dod.

OpenClose% Change(bn yuan)
CSI 3004098.044121.790.48234.81
SectorTop 1Led byTop 2Led by
Upward-leadingFood & Beverage600199Media601599


*According to the press conference of the Ministry of Transport in June, there are more than 6.6 million road operation vehicles, 51,000 postal express transportation vehicles, 1,356 official system ships and 8,600 water aids in the country. Beidou system has been applied to navigation facilities, 109 coastal ground-based enhancement stations, and 300 general-purpose aircraft. The Beidou system was also installed on the first transport aircraft to achieve a zero breakthrough.

*The Ministry of Education, the Ministry of Industry and Information Technology jointly issued the “Guidelines for the Construction of a Demonstrative Demonstrative Software Academy (Trial)” to cultivate and build a batch of key basic software, large-scale industrial software, industry application software, new platform software, embedded software, etc.

*Zhang Yong, chairman and CEO of Alibaba, said that digitization is the greatest certainty for the future. Cainiao Express will continue to combine the digitization and intelligent, and prepare for the next-generation express network upgrade.

*Cainiao President Wan Lin said that he will increase the investment in technology and improve the logistics service capacity of Express Chain. In the next three years, the cross-border package will be doubled, and Cainiao Station will be upgraded to a digital community life service station. It also plans to add 1,000 new charter flights for export in the next 9 months.

*The Ministry of Transport held a regular press conference in June. In May, the investment in fixed assets of transportation was 343.3 billion yuan, an increase of 27% year-on-year, and the growth rate was 8.9 percentage points faster than that in April. From January to May, the investment in fixed assets of transportation was 1022.3 billion yuan, an increase of 0.9% year-on-year. The cumulative growth rate for the first time this year has achieved growth, indicating that the transportation investment gap caused by the epidemic has been initially filled.

*The first island power Beidou ground base station was completed and put into operation on Kaishan Island, Jiangsu. The base station not only provide accurate positioning and precise timing for islands and surrounding seas, but also greatly improve the safe and stable operation capability of island microgrids.


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