CHINA DAILY Friday, November 2, 2018 BUSINESS 17 Rebound hopes fuel recovery in stocks

draft of the Stamp Tax Law Expectations of friendly policies help released on Thursday. lift sentiment on mainland bourses The draft kept the rate unchanged, at one-thou- sandth of the transaction By ZHOU LANXU It was the first time the top volume as stipulated in cur- [email protected] leading body of the CPC rent regulations, but grant- emphasized the capital mar- ed the State Council the The A-share market con- ket as one of the keys to bol- right to change the tax rate tinued its recovery on Thurs- stering the economy, the best and the scope of included day, amid investors’ news from the top profile taxpayers. strengthened expectation of meeting for the A-share mar- “This arrangement was set systematic government sup- ket, said Hong Rong, founder primarily to provide conve- port for the healthy develop- of investor education plat- nience for using the stamp ment of the country’s capital form Hongda Education and tax rate as a counter-cyclical market. an MBA tutor at the Shanghai tool to regulate pro-cyclical The Shanghai Composite Advanced Institute of behaviors in the market,” Index edged up 0.13 percent Finance. Tang said. Trucks are seen at a parking lot of Manbang Group in Guiyang, capital of Guizhou province. LIU XU / XINHUA to close at 2606.24 points, “The announcement ena- The rate can be cut to marking its third straight bled investors to expect long- reduce transaction costs and day of gains. The smaller term arrangements to increase liquidity during Shenzhen index closed 1.14 strengthen the A-share mar- market downturns, while it percent higher at 7567.79 ket’s functions, rather than can be raised to dampen Manbang inks big data logistics deal points. The ChiNext Index, short-term market bailout speculation when the market China’s Nasdaq-style board measures,” he said. is overheated, according to of growth enterprises, rose “Investors’ expectation of Tang. By CHENG YU in Beijing izes in logistics data. created last November after nificantly increased trucks’ by 0.84 percent to 1286.33 systematic policies to sup- Broad rises in technology and YANG JUN in Guiyang The partnership comes as big China’s top two truck-calling average loads, saving a total of points. port the private sector has shares set an upbeat tone for data is emerging as a crucial apps Huochebang and Yun- 86 billion yuan ($12.4 billion) The Political Bureau of the strengthened with the the market on Thursday, with Manbang Group, a Chinese technology in the logistics sec- manman merged, matches of fuel, according to Manbang. Communist Party of China announcement, which in sub-indices tracking compa- truck-hailing company, inked tor. Big data helps truck-hailing trucks nationwide with com- Cao Desheng, director of Central Committee, the Par- turn boosted market senti- nies engaging in biometrics a strategic deal with China companies to connect drivers modity owners needing trans- CTTIC, said the coming togeth- ty’s core leadership, ment,” said Tang Yao, an and artificial intelligence up Transport Telecommunication with commodities that need port services. er of basic transportation data announced late on Wednes- associate professor with by 4.71 and 4.44 percent, Information Group Co Ltd on transport. It is also vital to run- It also provides follow-up and market data will improve day that the country will pay Guanghua School of Man- respectively, according to Thursday to leverage their ning Manbang’s truck sales and services such as selling elec- logistics efficiency and will spur close attention to the increas- agement at Peking Univer- financial information provid- combined data prowess to auto financing services. tronic toll charge cards for transformation in the sector. ing downside economic pres- sity. er Wind Info. boost the logistics sector. “Logistics is a vast market. highway transportation and The two parties will also sure, following a meeting on Tang added listed compa- Hong said the rise was The company, which is a sub- Value will be limited if data auto finance-related servi- develop satellite communica- the current economic situa- nies’ profitability remains underpinned by the call of sidiary of the China Transport comes from a sole platform. ces. tion and transportation apps, tion. the fundamental determin- the top leadership of the CPC Telecommunications & Infor- Only if we break the informa- Earlier this year, the com- including high-precision maps. To cope with the pressure, ing factor of market confi- to accelerate the develop- mation Center under Ministry tion barrier can we maximize pany raised $1.9 billion in its Both parties have also commit- it pledged to solve the chal- dence. ment of the artificial intelli- of Transport of China, has a the value of data and make the first round of fundraising, ted to investing in areas includ- lenges facing small, private Analysts said investor sen- gence sector on Wednesday, wide range of data sources, logistics industry more intelli- led by China Reform Fund ing finance and insurance. businesses and to promote timent also rose on the back the sector’s long-term including satellites and remote gent,” said Wang Gang, chair- and SoftBank Vision Fund. the healthy development of of the probable tax rate prospects, and the sector’s sensors, which it will share man and CEO of Manbang. Thanks to its data and tech- Contact the writers at the capital market by imple- reduction for securities trans- relatively low valuation level with Manbang, which special- Manbang Group, which was nology, the company has sig- [email protected] menting reforms. actions, as proposed by the after previous drops.

the reason for the IPO. The Any deal will add to the company could (use the funds $32.5 billion of first-time share Ping An Healthcare Tech to raise funds via HK float raised to) invest in AI, or sales in Hong Kong this year, robots,” she said. according to data compiled by Group provides platforms used by information is private. medical consultations, in The company, as an online traf- Good Doctor, which raised Bloomberg. Co, the mainland’s biggest hospitals, insurers and phar- Ping An Healthcare Tech- seeking to sell shares to fund fic entry point, has attracted an $1.1 billion in a Hong Kong Ping An Medical and insurer by market value, is macies — could take place as nology raised $1.15 billion its expansion. extreme volume of treatment IPO in April, has seen its stock Healthcare Management Co is planning a Hong Kong IPO for soon as next year, according from investors including Chen Qiaoshan, a medical data, which can serve as the price fall 31 percent since it known as a provider for servi- its healthcare technology unit to the people. SoftBank Group Corp’s analyst at Beijing-based mar- basis for AI training. As a started trading. ces including expense control that could raise $2 billion, peo- The mainland insurer is Vision Fund in a series A ket research consultancy Anal- result, its AI-enabled diagnosis Deliberations are at an early and medical-resource man- ple with knowledge of the mat- talking to potential advisers funding round announced in ysys, said: “The IPO would help function can be improved, stage, and details of the plan agement, in more than 250 cit- ter said. about the planned share sale, February. It would join Good the company further imple- empowering hospitals.” could change, the people said. ies across China. A listing of Ping An Health- the people said, asking not to Doctor, another Ping An sub- ment its artificial intelligence- “Capital is favoring medical A representative for Ping An care Technology — which be identified because the sidiary that offers online enabled diagnosis function. technology. This is probably declined to comment. BLOOMBERG-CHINA DAILY

Daily Stock Market Performance GainersGainers and andLosers Losers International Stock Markets

Daily YTD Daily Daily Daily YTD % Chg Index Close % Chg % Chg GAINERS Close % Chg LOSERS Close % Chg Close % Chg –20% 0% +20% Shanghai Composite Index 2606.24 +0.1 –21.2 25,416.00 1.7 3600 XinjngQngsngBldngMtrl& 3.37 10.13 Zhejiang Huge Leaf Co 3.69 –10.00 Hang Seng China Ent Index 10,279.32 1.4 YUDYangtzRvrInvstIndst 7.43 10.07 JiangsuSINOJITWndEnTch 2.79 –8.52 TAIEX Taiwan Stock Index 9,844.74 0.4 3200 BeijngArtmIntllgntCntr 7.54 10.07 Hunan Huasheng Co Ltd 4.67 –5.66 21,687.65 –1.1 Ningbo Techmation Co 6.45 10.07 NingboLehuiEngEqupmntC 30.11 –5.28 Sensex 34,413.71 –0.1 2800 CITIC Guoan Wine Co 3.39 10.06 Huafang Ltd Co 4.25 –4.28 KOSPI 2,024.46 –0.3 Routon Electronic Co 3.94 10.06 Wolong Real Estate 4.41 –4.13 S&P/ASX 200 5,840.80 0.2 2400 Suzhou Keda Technology 18.54 10.03 Hunan Oil Pump Co Ltd 21.44 –4.07 New Zealand 50 Gross Index 8,843.83 1.0 Chunghsin Technology 8.56 10.03 Pengqi Technology Dev 0.42 –3.70 STI 3,059.22 1.3 Beijing Vastdata Tech 18.88 10.02 Jiangsu Fengshan Group 41.02 –3.60 Bangkok SET Index 1,671.10 0.1 Bursa Malaysia KLCI Index 1,703.20 –0.4 Component Index 7567.80 +1.1 –31.5 Shanghai Tianyong Eng 29.76 10.02 China Alum Intl Eng 6.58 –3.38 12,000 VN-Index 907.96 –0.7 Shenzhen Stock Exchange Dow Jones 25,115.76 1.0 10,750 Zhejiang Semir Garment 8.75 10.06 Neoglory Prosperity 13.28 –10.03 CSGSmartScienc&Tchnlgy 16.28 10.00 GuangdongHomaAppliancs 8.60 –9.95 9500 Yifan Pharmaceutical 11.08 9.49 HenanShuanghuiInvst&Dv 21.70 –3.73 Commodities

8250 WuhShnrngSnqIntrctEntN 11.92 8.07 Sichuan New Energy Pwr 3.66 –3.17 Daily YTD % Chg Iflytek Co Ltd 24.34 7.84 Walvax Biotechnology 15.81 –2.77 Close % Chg –20% 0% +20% 7000 Co 8.97 7.04 Group 5.06 –2.69 Brent Crude Oil (USD/bbl.) 74.50 –0.7 Beijing Kunlun Tech Co 13.16 6.82 Sou Yu Te Group Co Ltd 2.63 –2.59 Gold (USD/t oz.) 1215.00 –0.8 Jiangsu Yanghe Brewery 94.24 6.62 BYD Co Ltd 45.70 –2.33 Silver (USD/t oz.) 14.28 –1.2 Copper (USD/lb.) 2.66 –0.2 3177.03 +0.7 –21.2 Ciwen Media Co Ltd 11.31 6.40 Harbin Gloria Pharma 3.06 –2.24 Shanghai Shenzhen CSI 300 Index Aluminum (USD/MT) 1947.00 –0.6 Hunan Gold Corp Ltd 6.86 6.19 Muyuan Foodstuff Co 22.40 –2.18 4500 Corn (USD/bu.) 3.63 –0.4 Hang Seng Wheat (USD/bu.) 5.01 0.2 4000 Country Garden 9.16 9.18 WH Group Ltd 5.28 –3.83 Soybeans (USD/bu.) 8.52 0.6 AAC Technologies 64.35 7.88 Power Assets Holdings 51.65 –1.34 Coffee (USD/lb.) 1.13 0.3 3500 Sunny Optical Tech 73.00 7.35 China Resources Power 13.60 –1.31 Sugar #11 (USD/lb.) 0.13 –0.3 Sino Biopharmaceutical 7.38 4.98 CLP Holdings Ltd 86.80 –1.25 Palm Oil (MYR/MT) 2134.00 –0.7 3000 China Resources Land 27.85 4.70 Hong Kong & China Gas 14.86 –0.67

Cross Currency Rates ETFS Shanghai B-Share Stock Price Index 273.32 –0.2 –20.0 Daily % USD EUR CNY HKD GBP KRW BRL RUB JPY INR CAD 355 EQUITY ETFs Ticker Close Change USD 1.138 0.144 0.128 1.291 0.001 0.269 0.015 0.009 0.014 0.763 China 50 510050 2.51 0.44 330 China AMC CSI 300 Index 510330 3.50 0.78 EUR 0.879 0.127 0.112 1.134 0.001 0.237 0.013 0.008 0.012 0.670 China CSI 500 510500 4.58 0.70 305 CNY 6.947 7.904 0.886 8.968 0.006 1.866 0.106 0.062 0.094 5.298 China SME 159902 2.45 1.75 280 HKD 7.839 8.920 1.129 10.118 0.007 2.106 0.119 0.069 0.107 5.978 China Universal CSI Consumer Staples Index 159928 1.73 2.12 GBP 0.775 0.882 0.112 0.099 0.001 0.208 0.012 0.007 0.011 0.591 E Fund ChiNext Price Index 159915 1.23 0.90 255 E Fund CSI 300 510310 1.38 0.73 1138.280 1291.110 163.323 145.202 1459.090 304.027 17.230 10.051 15.478 862.140 KRW E Fund CSI 300 Financials ex Banks Index 512070 1.75 1.92 BRL 3.724 4.214 0.536 0.475 4.805 0.003 0.057 0.033 0.051 2.839 E Fund Hang Seng China Enterprises Index 510900 1.13 1.25 Shenzhen B-Share Stock Price Index 878.18 +0.9 –24.5 RUB 65.615 74.647 9.450 8.370 84.688 0.058 17.626 0.581 0.892 50.046 E FUND SZSE100 INDEX FUND 159901 3.48 1.22 1250 Fortune SGAM Xianjin Tianyi Money Market 511990 100.00 –0.01 JPY 112.870 128.420 16.249 14.398 145.681 0.100 30.312 1.720 1.535 86.081 Guangfa CSI 500 510510 1.21 0.66 1100 INR 73.543 83.643 10.587 9.381 94.916 0.065 19.757 1.121 0.652 56.086 Guotai Shanghai Stock Exchange 180 Financial Index 510230 5.74 0.07 CAD 1.311 1.492 0.189 0.167 1.692 0.001 0.352 0.020 0.012 0.018 Harvest CSI 300 Index 159919 3.51 0.75 950 Huatai-Pinebridge CSI 300 510300 3.23 0.72 Shanghai SSE180 510180 2.92 0.41 Data provided by 800 SSE Pledge Urban Investment Bond 511220 93.41 –0.07 N D J F M A M J J A S O Yinhua Traded Money Market Fund 511880 103.16 0.00