This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

GUOSEN Closing Bell (April 28)


Sales Trader, International Business Division


In the PM session, market was stable. It slightly fluctuated around yesterday’s closing level. Till market end, Food & Beverage and Electronic led the gain. Textile and Petrochemical led the fall. In total, both markets traded 673.91 billion RMB, up 21.07%.

OpenClose% Change(bn yuan)
CSI 3003835.353849.150.69184.18
SectorTop 1Led byTop 2Led by
Upward-leadingFood & Beverage603755Electronic603055


*Alibaba-Backed Online Bank Lends to Over 20 Million Small and Micro Firms

The Alibaba-backed 5-year-old online lender MYbank provided loans to more than 20 million small and micro businesses in China as of the end of 2019, about 80% of which had no record of borrowing money from traditional banks.

*Chinese Smartphone Brand Outstrips Samsung’s Q1 Sales to India

For the three months through March, Vivo grew its smartphone shipments by nearly 50% to 6.7 million units in India, giving it a market share of 19.9%, according to statistics provided by research firm Canalys.

*China releases more pork from central reserves

China has released another 7,942.21 tones of frozen pork from its central reserves to increase market supply and stabilize pork prices, according to the National Development and Reform Commission.

*Skyworth makes heavy investment into new tech

Chinese television maker Skyworth Group is beefing up research and development of cutting-edge technologies to gain more market share, despite the slowdown in the domestic TV sector.


Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Guosen Securities Co., Ltd and is being posted with permission from Guosen Securities Co., Ltd. The views expressed in this material are solely those of the author and/or Guosen Securities Co., Ltd and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

trading top