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China Fund News Taylor

Brothers and sisters, today's market has warmed up slightly, the high-dividend sector has loosened, individual stocks have generally risen, and the three major indexes have all risen!

Overall, the Shanghai Composite Index rebounded in the afternoon, with the Shenzhen Component Index and the ChiNext Index both rising by more than 1%. As of the close, the Shanghai Composite Index rose by 0.14%, the Shenzhen Component Index rose by 1.45%, and the ChiNext Index rose by 0.92%.

More stocks rose than fell, with a total of 4,484 stocks rising and 747 stocks falling.

High-dividend stocks fell, with China Mobile and China Telecom falling more than 4%. The banking sector fluctuated downward, with Postal Savings Bank of China and Industrial and Commercial Bank of China leading the decline.

Equipment renewal concept stocks opened sharply higher, with auto dismantling and home appliances leading the gains. On the news front, the National Development and Reform Commission and the Ministry of Finance recently publicly released "Several Measures on Further Supporting Large-Scale Equipment Renewal and Consumer Goods Trade-in". The "Several Measures" proposed to coordinate the allocation of about 300 billion yuan of ultra-long-term special treasury bond funds to further support large-scale equipment renewal and consumer goods trade-in.

In terms of Hong Kong stocks, the share price of Oriental Selection plummeted by more than 20%. On the news front, on July 25, Dong Yuhui announced his resignation from Oriental Selection, and at the same time, Oriental Selection sold 100% of the shares of "Traveling with Hui" to Dong Yuhui for 76.5855 million yuan.

On July 26, New Oriental founder Yu Minhong expressed at the Oriental Selection Shareholder Communication Meeting that he was very sorry for the result of the divestiture with Huitongxing, but it could be said that in the face of the company's actual situation, this result was indeed inevitable, and it was even beneficial to the company's development.

Near the end of trading, trading volumes of many CSI 300 ETFs surged.

Smart transportation concept stocks are still strong, with Dazhong Transportation hitting the daily limit in the afternoon, and rising by more than 200% in 15 trading days. For a time, Dazhong Transportation became the "popular lover" of the A-share market.

On July 22, Volkswagen Transportation said in an announcement that it has noticed that the market has paid much attention to intelligent connected vehicles recently. The company also clarified that the model is still in the experimental stage and basically does not generate any income for the company.

Dazhong Transportation was formerly known as Shanghai Dazhong Taxi Company, and has now become one of the largest public transportation groups in Shanghai. It is a long-established listed company. After years of development and layout, its main industries are currently the transportation, automobile and service industry, financial investment industry, real estate and hotel industry, and big data industry.