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 (May 7)


Sales Trader, International Business Division


In the PM session, market continued fluctuate around the opening level. Till market end, Food & Beverage and Agriculture led the gain. Household Appliance and Construction led the fall. In total, both markets traded 667.23 billion RMB, down 7.47%.

OpenClose% Change(bn yuan)
CSI 3003937.593924.89-0.29167.21
SectorTop 1Led byTop 2Led by
Upward-leadingFood & Beverage000869Agriculture600359
Downward-leadingHousehold Appliance002076Construction002856


*Online Publisher China Literature Moves to Quell Author Unrest

China Literature’s new top brass met with some of the company’s select writers on Wednesday to address their concerns on topics like copyright ownership and paid-versus-free business models. The new management team said discussions were still in progress for a free-read mechanism, but that the model for paid literature offerings would be consolidated and expanded in the future.

*China’s ZTE Allows Partially Owned Turkish Subsidiaries to Guarantee Each Other’s Loans

Chinese telecom equipment manufacturer ZTE said Wednesday that its board has approved a plan to allow three Turkish companies in which it owns direct and indirect stakes to jointly guarantee each other’s loans.

*China Is Virtually Alone in Backing Coal in Africa

For more than two decades, Zimbabwe has been trying to break ground on a giant coal-power complex by the world’s biggest man-made reservoir. China just agreed to get the $4.2 billion project underway.


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