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GUOSEN Closing Bell (May 20)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market kept fluctuating at low level. Till market end, Banking and Power Generating led the gain. National Defence and Computer led the fall. In total, both markets traded 686.7 billion RMB, up 7.04% dod.

OpenClose% Change(bn yuan)
Shanghai2896.472883.74-0.51269.18
Shenzhen11056.9810948.48-0.94417.52
CSI 3003955.713935.22-0.53157.10
ChiNext2149.292118.12-1.21145.43
SectorTop 1Led byTop 2Led by
Upward-leadingBanking002958Power Generating688005
Downward-leadingNational Defence002413Computer002912

NEWS

*PUBG and Honor of Kings Are April’s Highest-Earning Games

PUBG Mobile and its Chinese mainland version “Peacekeeper Elite” raked in more than $225 million in revenue during the month, representing a year-on-year increase of 241%, according to statistics provided by research firm SensorTower.

*Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil

*Over 90% of SMEs in China resume operation: ministry

Some 93 percent of SMEs in the manufacturing and construction sectors had resumed work, while around 87 percent of SMEs in the hotel and catering sectors restarted business, said Huang Libin, a spokesperson for the Ministry of Industry and Information Technology (MIIT), at a press conference Wednesday.

*China Mobile to make a splash in VR

At the Fifth Global Virtual Reality Conference which concluded earlier this week, China Mobile unveiled its plan to team up with partners to help cultivate VR content in gaming, livestreaming, sports and video. Migu, a digital content subsidiary of China Mobile, has already established copyright cooperation with more than 200 partners in quality content, and it has accumulated more than 40,000 hours of VR content.

FUND FLOW

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