News Flash | Cosco Shipping Holdings rises over 4%, leading the shipping sector. Central bank interest rate cuts in various countries may boost international trade, and multiple disturbances affect the supply side of shipping.
Shipping and ports stocks continued to rebound recently. As of the time of publication, Cosco Shipping Holdings rose by 4.58%, Sinotrans Limited rose by 4.27%, OOIL rose by 2.11%, and Sitc rose by 3.29%.
In August, China's CSI Commodity Equity Index (CCEI) was 110.3 points, a month-on-month decrease of 3.6%.
The China Commodity Price Index (CBPI) released by the China Federation of Logistics and Purchasing in August 2024 was 110.3 points, a month-on-month decrease of 3.6% and a year-on-year decrease of 4.6%.
China Logistics: The logistics index for China's e-commerce in August was 114.2 points, a 0.1 point increase compared to the previous month.
The China E-commerce Logistics Index for August 2024, jointly released by the China Federation of Logistics and Purchasing and JD.com, was 114.2 points, a slight increase of 0.1 points compared to the previous month.
Guangdong-Hong Kong Greater Bay Area Eyes HK$62.4 Million From Rights Share Issue
gd-hkgba hldgs (01396.HK) plans to conduct a 2-for-1 rights issue, raising a maximum net amount of HKD61.3 million.
On September 2nd, Guangdong-Hong Kong Bay Holdings (01396.HK) announced that the company proposes to issue one (1) rights share for every two (2) existing shares held by eligible shareholders on the record date, at a subscription price of HKD 0.23 per rights share. The company plans to raise approximately HKD 62.41 million (before deduction of expenses) through the issuance of up to 271,367,700 rights shares (assuming no change in the issued share capital of the company prior to the record date, except for the distribution and issuance of rights shares). The rights shares are not underwritten and will not be extended to excluded shareholders (if any). If fully subscribed.
gd-hkgba hldgs (01396) announced the interim performance, with a shareholder's loss of 1.028 billion yuan, a year-on-year increase of 56.02%.
gd-hkgba hldgs (01396) released its interim results for the six months ended June 30, 2024, and the group achieved...
GD-HKGBA HLDGS: INTERIM REPORT 2024
GD-HKGBA HLDGS: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
gd-hkgba hldgs (01396.HK) plans to hold a board of directors meeting on August 28 to approve mid-term performance.
GD-HKGBA Hldgs (01396.HK) announced that the board of directors meeting will be held on Wednesday, August 28, 2024, to consider and approve the mid-term performance of the company and its subsidiary companies for the six months ending on June 30, 2024, for publication purposes.
GD-HKGBA HLDGS: NOTICE OF BOARD MEETING
China Federation of Logistics and Purchasing: The e-commerce logistics index for July 2024 is 114.1 points.
On August 7th, China Federation of Logistics and Purchasing and jd.com (09618) jointly released the China E-commerce Logistics Index for July 2024, which was 114.1 points, down 0.7 points from the previous month.
China Logistics: In the first half of the year, the total social logistics of the country was 167.4 trillion yuan, a year-on-year increase of 5.8%.
On July 30th, the China Federation of Logistics and Purchasing released an analysis of logistics running from January to June 2024.
Hong Kong stock concept tracking | Ministry of Commerce's 11 measures to support cross-border trade, the industry is expected to see a steady recovery (including concept stocks).
On July 25th, the Ministry of Commerce stated that it will focus on deepening pragmatic cooperation with financial institutions and expanding high-quality financial services in the field of commerce.
China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.
The express industry forms a "flywheel" based on the relationships formed during business operations among four main entities: headquarters, franchisees, express couriers, and direct customers. The smooth initial operation is due to the organizational agility brought by the franchise system and the price advantage under extreme cost, but in the long run, price wars are the "negative" product derived from the continuous operation of the express flywheel.
China Exports, Imports Growth Likely Accelerated in June, WSJ Poll Shows
In June, China's e-commerce logistics index increased to 114.8 points, with an expanded growth of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
In June, China's e-commerce logistics index was 114.8 points, an increase of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
Lin Shixiong: Hong Kong International Airport's daily passenger traffic has recovered to 75% of pre-epidemic levels and is expected to fully recover within the year.
Transportation and Logistics Bureau Director Lin Shixiong previously attended the General Chamber of Commerce gala dinner and stated that the authority is continuously developing and improving a public transportation system that uses railroads as the backbone and is supplemented by multiple modes, including proposing an optimization plan for the Three Railways and Three Roads, promoting the Two Railways and One Road in the new eastern towns of the northern metropolitan area, and promoting a smart and green collective transportation system.
China's Logistics Sector Growth Slows in June
Express News | CICC: Focusing on recommending investment opportunities in export chain logistics and shipping in the second half of the year.
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