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China Fund News Jiangyou

On Monday, A-shares continued to fluctuate in the morning, with more stocks rising than falling. Microsoft's blue screen incident triggered the collapse of global IT systems, and domestic software concept stocks set off a daily limit surge in the morning. However, the dividend concept stocks such as banks, energy, and telecommunications operations that have been popular this year performed poorly, dragging down the overall market index.

At the close of the morning, the Shanghai Composite Index fell 0.71%, the Shenzhen Component Index fell 0.19%, the ChiNext Index fell slightly by 0.04%, and the Science and Technology Innovation 50 Index rose by 0.41%. More stocks rose than fell, with 3,157 stocks rising and 1,934 stocks falling. The market turnover in the morning was 426 billion yuan.

Microsoft blue screen causes global IT incidents

Software stocks set off a surge in daily price increases ‍ ‍ ‍ ‍ ‍

According to CCTV News, on the 19th local time, some applications and services of Microsoft Corporation in the United States experienced access delays, incomplete functions or "blue screen" problems, causing the transportation, medical, financial, media and other industries in many countries around the world to be unable to operate normally. The repair work is still ongoing. The large-scale outage is related to a software update released by "Crowdstrike", a security technology company that provides services to Microsoft.

Some experts believe that this incident highlights the vulnerability of the global Internet infrastructure, and we need to remain vigilant about the complexity of the global information technology system and the potential risks of various fields being highly dependent on network infrastructure.

This morning, software stocks set off a surge in daily limit prices. Zhongcheng Technology of the Beijing Stock Exchange surged 27%, Heren Technology, Jiayuan Technology, Hengfeng Information, Anshuo Information and others hit the daily limit of 20%, Changshan Beiming, Guohua Network Security, Jida Zhengyuan and others hit the daily limit of 10%.

Oriental Selection's stock price suddenly exploded

Dongfang Zhenxuan, whose stock price had been sluggish, suddenly exploded in the morning, with its stock price soaring by more than 10%. Dongfang Zhenxuan recently participated in an international forum and its overseas expansion has attracted attention.

On the news front, a live interview on the global development of the digital economy was held on July 12. Representatives from Papua New Guinea, Equatorial Guinea, Cuba, Thailand, Cape Verde and other countries appeared in the live broadcast room of Oriental Selection and were interviewed by multiple anchors. Analysts believe that this live broadcast is consistent with the action of Oriental Selection's overseas expansion plan, which may pave the way for Oriental Selection to expand overseas.

Bocom International believes that after Huitongxing's independent development, Dongfang Zhenxuan's strategy focuses on the construction of self-operated products, while the growth of main account traffic and the contribution of Taobao channels remain to be observed, and new businesses such as instant retail and overseas expansion are still in the early stages. Bocom International said that it is optimistic about its self-operated product strategy, and compared with other MCN institutions, it has better profit margins and business ceilings, so it enjoys a valuation premium.

Editor: Captain

Audit: Wooden Fish

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