In the PM session, market moved downward. Till market end, Banking and Real Estate led the gain. Agriculture and Food & Beverage led the fall. In total, both markets traded 532.80 billion RMB, down 20.94%.
|Open||Close||% Change||(bn yuan)|
|Sector||Top 1||Led by||Top 2||Led by|
|Downward-leading||Agriculture||000061||Food & Beverage||603696|
*SenseTime Announces AI Tie-Up With Central Bank Amid Digital Currency Rumors
Artificial intelligence specialist SenseTime and the Chinese central bank’s digital currency unit will work together to broaden AI applications in the financial industry, SenseTime said Monday, as rumors swirl about a pilot program for an electronic yuan.
*China’s Massive Banks Are Facing a $42 Billion Dividend Trap
Industrial and Commercial Bank of China Ltd. (ICBC) and its three biggest peers are returning more than 30% of their 2019 earnings to shareholders, implying an average dividend yield of more than 6%. That’s nearly double what’s offered by their competitors in the U.S.
*JD.com to File for $2 Billion Second Listing in Hong Kong, Sources Say
Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds.
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