The commodity stocks are hot picks for their low PE ratio and companies' good performance, said Chen. "The higher-than-expected 6.9 percent GDP growth in the first half of this year and the central government's firm supply-side reforms like overcapacity reduction have boosted investor confidence."
The commission launched a Level IV emergency response for flood control on Thursday.
The company has established a number of offices abroad. More importantly, more than 20 nationalities are represented on Meitu's global team to be more localized.
The company also plans to set up a total of 120 VR cinemas in the Chinese mainland by the end of the year, Seah said. So far, the company has six VR cinemas in Beijing.
The comments came amid growing concern over the escalating trade tensions between the world’s two largest economies.
The companies participating in this area will include medical equipment and pharmaceutical firms that have made contributions to the fight against the COVID-19 outbreak.
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The companies that listed predominantly operate in industrial products, consumer goods and services, and the IT and telecommunication sectors, the report said.
The company has conducted 5G trials in collaboration with China's three largest operators for nearly a year - a project with China Mobile in Guangzhou, a trial with China Telecom in Suzhou and Xiongan and a project with China Unicom in Shenzhen, according to Zhang.
The collaboration is also a big step toward fulfilling the action plan for the integration of ports and shipping of the Yangtze River Delta region, jointly issued last year by the Ministry of Transport and local governments of Shanghai and Jiangsu, Zhejiang and Anhui provinces, which stated that construction of the northern side of Xiao Yangshan should start by the end of 2019.
The commission will push for broader and deeper opening up in the financial sector on the condition that financial security can be assured. It supports the active participation of foreign investment in China's financial market, and encourages Chinese and foreign financial institutions to enhance cooperation in areas including products, management and personnel training, he said.