Stories from Shanghai · China

The U.S. National Transportation Safety Board released new data regarding the 2022 Boeing 737 crash into a Chinese hillside that killed 132 people. The findings indicate that the fuel supply was cut mid-flight.

China has successfully completed a million-ton green steel production line.

The Shanghai Composite Index is rising, with trading volume reaching 770 billion yuan. Over 32 stocks saw gains exceeding 10%, and 170 stocks rose more than 5%. Domestic chip stocks are a key area of focus for medium-term investment, while other sectors may offer short-term trading opportunities. Several companies saw price increases, with 11 stocks falling by 10% or more and 48 stocks falling by 5% or more. The tech-heavy STAR 50 index has seen gains, opening up over 4% and currently trading up more than 7%. There is a focus on structural opportunities within the market, particularly in sectors with strong performance. International crude oil futures prices fell significantly in early trading on the 5th due to the ongoing US-Iran ceasefire. In April, Shanghai saw 28,742 second-hand homes sold, a 22.3% increase compared to the same period last year.

Major A-share market indices were at high levels during the trading week of April 30th. The strongest performers included Zhongxin, Ke, and Wai Development. ASM Pacific Technology saw its highest price at 176.2, a 6% increase. Top performers included Tencent, Kuaishou, and Xiaomi. Among the 90 stocks in the Southbound trading, 56 rose. Strongest performers included China Overseas Land & Investment, Tencent, and Xiaomi. Investors are advised to be cautious due to US stocks continuously reaching new highs, while funds in Hong Kong are flowing into smaller stocks lacking institutional investor support. Many related companies in A-shares also experienced growth. The market shows a pattern of strong companies becoming stronger, influenced by overseas markets. The total A-share market turnover was 1.4666 trillion yuan.

Professor He Yangfang of Fudan University has released a book titled 'Ming Wang Qing Xing'. The work examines historical patterns of the Qing Dynasty, specifically regarding the decision-making processes of emperors and officials.

China Railway's Shanghai station anticipates over 808,000 passengers, an 11.1% increase from last year, during the upcoming travel period. Preparations are in place to ensure smooth travel during the return journey, winter break, and post-holiday rush.

Shanghai Metro has introduced new smart luggage lockers that allow users to store luggage on-site and offer new features for luggage tracking and transfer.

Seed breeding is a long process requiring accumulation and patience. The Chenshan Botanical Garden has collected and preserved over 3,000 types of qualified plant seeds, totaling more than 70 million seeds.

A snooker match featuring Ding Junhui attracted an audience of 140 million viewers. The broadcast also discussed the Chinese Super League's 14th round of matches and the Shandong Taishan vs. Shanghai Shenhua game.

Shanghai is highlighted as a desirable location for investment, with many multinational corporations viewing investment in China as a necessity.