China Fund News Chenxi
This week is also the last trading day of the first quarter, let's review today's overall market performance:
On March 29, the three major A-share indices opened low and went high, and the end of the market rose in a straight line. At the close, the Shanghai Composite Index closed at 3,041.17 points, up 1.01 percent, the Shenzhen Component Index rose 0.62 percent, and the ChiNext Index rose 0.63 percent. There were 3,872 red stocks in the two cities, 128 closed flat and 1,353 were green, with a full-day turnover of 863.185 billion yuan.
On the disk, gold, oil and gas, coal, trade, chemical and other sectors joined forces to rise sharply in the afternoon, assisting the end of the market. Concepts such as Xiaomi Automobile, 6G, nuclear power, and satellite navigation have been repeatedly active, while the media sector has weakened, with Kimi, short dramas, and computing power leading the decline.
In terms of growth, stimulated by the sharp rise in international gold prices, the gold and jewelry index was hot throughout the day and continued to rise in the afternoon. Chifeng Gold, Laishen Tongling, Lao Fengxiang sealed the price limit, and many shares such as Yulong shares and Shandong Gold rose sharply.
Petroleum and petrochemical "rose", PetroChina closed up 6.81%, CNOOC, Compton daily limit.
The 6G index rose in a straight line in the afternoon, with many stocks such as Huanyu Communications, Sega Technology, and Shenglu Communications rising by more than 10%.
On the news side, on March 28, China Mobile released 5G-A (5G-Advanced) commercial deployment in Hangzhou, Zhejiang, and plans to expand to more than 300 cities across the country within the year to build the world's largest 5G-A commercial network. In order to promote the development of the 5G-A industry ecosystem, China Mobile has established the 5G-A Innovation Industry Alliance and the Naked-Eye 3D Industry Alliance with a number of industry partners, and will continue to explore new 5G-A applications and services in the future.
Ningke Biological, which won 8 boards in the morning, suddenly hit the fall limit in the afternoon, and staged a "sky floor".
Today's "sky floor" is also Aili Home, which dived one after another after hitting the price limit in the morning, and continued to maintain the limit in the afternoon.
The home furnishing sector was collectively sluggish, and the Yazhen Home Furnishing of the early 5 boards fell in the afternoon. Mengtian Home Furnishing, My Le Home Furnishing is on the verge of falling limit, and many stocks such as Qumei Home Furnishing, Zhongyuan Home Furnishing, and Dinggu Jichuang have fallen sharply.
The founder of cryptocurrency trading platform FTX was sentenced to 25 years in prison
Let's take another look at overseas news: According to foreign media reports, Sam Bankman-Fried, the founder of the cryptocurrency trading platform FTX, was sentenced to 25 years in prison by a judge on March 28 for stealing $8 billion from the customers of the cryptocurrency trading platform FTX he founded.
U.S. District Judge Lewis Kaplan announced the verdict during a hearing in a Manhattan court. Previously, he dismissed Bankman-Fried's claim that FTX customers did not actually suffer losses and found that he lied in his trial testimony.
A jury found Bankman-Fried, 32, guilty of seven counts of fraud and conspiracy in connection with the 2022 FTX bankruptcy case, which prosecutors said was one of the largest financial fraud cases in U.S. history.
When Kaplan read the verdict, Bankman-Fried stood there with his hands folded. He then had a brief conversation with defense attorney Mark Mukahi before being taken out of the courtroom by U.S. marshals. The verdict marks Bankman-Fried's transformation from a super-wealthy entrepreneur and major political donor to the biggest loot of the U.S. authorities' crackdown on malfeasance in the cryptocurrency market to date.
It is reported that Bankman-Fried was born in California in 1992, co-founded Alameda Research with Ellison and others in 2017, and founded FTX with Gary Wang in 2019, making it one of the largest cryptocurrency trading platforms in the United States, with a valuation of $32 billion. In the "11 richest people in the cryptocurrency industry" launched by Forbes in 2021, Fried ranked second with a net worth of $4.5 billion and was known as the "Musk of the cryptocurrency circle".
Starting from the autumn of 2022, the above two companies were exposed by the media as suspected of colluding with each other to manipulate transactions and make improper profits, etc., and finally broke the capital chain and filed for bankruptcy protection at the end of the year, causing many investors to suffer heavy losses.
Editor: Xiao Mo
Review: Xu Wen