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【Introduction】The RMB suddenly rose sharply, and cross-border payment concepts rose collectively

China Fund News reporter Chen Xi

Hello everyone! A new trading week has begun. Let's pay attention to the market conditions and the latest information in the morning~

On August 19, the A-share market opened slightly lower in the morning: the Shanghai Composite Index closed at 2877.95 points, down 0.05%; the Shenzhen Component Index fell 0.1%; and the ChiNext Index fell 0.14%. After the opening, the market quickly turned positive, with the A50 index rising more than 1% during the session.

The offshore renminbi rose rapidly, breaking through 7.15 against the US dollar and once reaching 7.1440.

On the market, precious metals, construction machinery, software, shipping and other sectors rose in the morning, and cross-border payment and digital currency concepts soared; agriculture, power generation equipment, and pharmaceuticals fell slightly, and concepts such as CRO and AI wearables were sluggish.

The Hong Kong stock market opened in the morning with a positive trend: the Hang Seng Index rose 0.8%, Hang Seng Technology rose 1.66%, and Hang Seng China Enterprises rose 0.88%. Hong Kong stocks rose simultaneously in the morning, with Hang Seng Technology rising more than 3% during the session; JD Health rose more than 7%, leading the rise in Hang Seng Technology.

See the details——

Cross-border payment concept is hot

Gold jewelry rises

On the morning of August 19, cross-border payment and digital currency concept stocks rose gratifyingly. Sifang Jingchuang, Huafeng Microfiber, and Gaowei Technology all rose by 20CM, Beijing North and Rendong Holdings rose by the daily limit, and Xinchen Technology rose by more than 10%.

On the news front, some media recently quoted foreign media reports that the BRICS organization has been seeking to create its own BRICS payment system. The system will play a vital role for the BRICS group and participating countries and reduce the demand for the US dollar. The Russian side said that 159 countries are ready to adopt the BRICS payment system when it goes online, and the system "is an alternative to the international funds clearing system (SWIFT)."

In addition, the non-ferrous metal sector rose sharply in the morning, and the gold and jewelry concept rose. Yulong shares and Laisen Tongling hit the daily limit, while Mankalong, Chifeng Gold, Shanjin International and many other stocks rose sharply.

The high-speed rail index rose during the session, Dinghan Technology and Century Rail both hit their 20CM daily limit, Siwei Train Control was close to its daily limit, and CRRC Corporation Limited surged 5%.

On the news front, the National Railway Procurement Platform issued a tender notice on August 16, launching the second batch of high-level repairs for EMUs in 2024, totaling 472.6 sets, including 24 sets of level 3 repairs, 146.6 sets of level 4 repairs, and 302 sets of level 5 repairs, with level 5 repairs accounting for 64%. In terms of quantity, the total number of level 5 repairs in the two tenders this year has reached 509 sets, exceeding the highest number of EMU tenders in history (467 sets in 2015).

Chairman under investigation

Jincheng Pharmaceutical plunges

On the morning of August 19, Jincheng Pharmaceutical opened with a sharp drop, with the stock price falling to 11.85 yuan per share, a drop of more than 17%. As of press time, Jincheng Pharmaceutical's decline is still at the forefront of the market.

On the evening of August 16, Jincheng Pharmaceutical issued an announcement stating that the company's actual controller and chairman Zhao Yeqing received a notice of filing a case from the China Securities Regulatory Commission. The China Securities Regulatory Commission decided to file a case against Zhao Yeqing for suspected illegal and irregular market manipulation.

Jincheng Pharmaceutical also stated that the case investigation was an investigation into personal behavior, and the company will continue to pay attention to the progress of the above matters and strictly fulfill its information disclosure obligations in accordance with regulatory requirements. As of the date of the announcement, the company's production and operation are normal.

In addition, Shaanxi Jinye opened at the limit price of 3.38 yuan per share in the morning, a drop of 9.87%. As of press time, Shaanxi Jinye's share price was 3.39 yuan per share, a drop of 9.6%.

On the evening of August 16, Shaanxi Jinye announced that the company recently learned that its actual controller, chairman of the board and president Yuan Hanyuan was placed under residential surveillance at a designated location by the public security authorities due to related matters.

Shaanxi Jinye's main business is tobacco supporting industry and education. Public information shows that Yuan Hanyuan was born in April 1962, is a permanent resident of Hong Kong, and has a master's degree. Yuan Hanyuan is currently the chairman and president of Hong Kong Wanyu (Group) Development Co., Ltd., chairman of China Wanyu (Group) Co., Ltd., chairman of Singapore Wanyu (Group) Development Co., Ltd., chairman of the United States Wanyu (Group) Co., Ltd., chairman of the eighth board of directors of Shaanxi Jinye, and chairman of Xi'an Mingde Polytechnic Institute.

Editor: Captain

Audit: Wooden Fish

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