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Hong Kong Stock Concept Tracking | Cross-border e-commerce logistics boom, institutions are optimistic about the broad space for digital freight (with concept stocks)
By 2025, China's online freight platform market will reach nearly 700 billion yuan, with broad room for growth.
Hong Kong logistics stocks continued to pull back, Zhongtong Express fell more than 6%
Gelonghui, March 22 | Zhongtong Express fell more than 6%, while JD Logistics, Sinotrans, and Kerry Logistics all fell more than 4%.
Express News | Dongguan Securities: Express delivery demand continues to grow, and the trend remains unchanged
Express News | JD Logistics signed a cooperation agreement with Chongqing's Wulong District to build an intelligent logistics port in Yudong
Huachuang Securities: In January-February, the cumulative business volume of Tongda achieved rapid growth, and the resilience of express delivery demand was highlighted
Due to the Spring Festival peak factor, based on the January-February data, the cumulative business volume grew at a year-on-year rate: Shentong (40%) > Yunda (27%) > Yuantong (26.6%) > SF Express (4.85%). SF Express's net component volume grew 14.52% year over year.
Weekly outlook | Market attention! The Federal Reserve's interest rate decision hit hard, and Tencent, Pinduoduo, and Meituan financial reports were announced
The State Information Office will release important data such as the annual rate of fixed asset investment in China's cities and the annual rate of total retail sales of social consumer goods; the Bank of Japan will hold a monetary policy press conference; Nvidia will host an AI conference; and the “US version of Tieba” will be listed on Reddit.
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