Shenzhen Surfilter Network Technology Co. jumped to a record as Chinese Internet security companies rallied on speculation they will benefit from increased demand to protect domestic computer networks.
China on June 17 called on the U.S. to explain a surveillance program that was revealed by former National Security Agency contractor Edward Snowden. In an interview with the South China Morning Post, Snowden said the U.S. had been hacking computers in Hong Kong and mainland China since 2009.
Snowden disclosed this month that the NSA is collecting millions of U.S. residents’ telephone records and the computer communications of foreigners from Google Inc. and other Internet companies under court order.
This incident has greatly influence the Chinese Internet security. Chinese government and domestic Internet security companies pay more attention of the critical task. And the raised awareness of Internet security has been reflected in the Shenzhen stock market. Shenzhen Surfilter Network Technology, which provides website security products, jumped 6 percent to 25.49 yuan at the 11:30 a.m. local-time break in Shenzhen. Guangzhou Bluedon Information Safe Technology Co. added to yesterday’s 10 percent jump, rising 3 percent to 23.98 yuan. The Shenzhen Composite Index slid 1.1 percent, while the Shanghai Composite Index (SHCOMP) dropped 1.2 percent.
Shenzhen Stock Exchange has overtaken US-based NYSE Euronext as the world’s largest bourse in terms of number of equity trades, while India’s NSE has retained its second spot for two consecutive months, shows the latest data.
In the first three months of 2013, NSE had continuously maintained its top rank among the 51 bourses listed with World Federation of Exchanges (WFE), for equity trading volumes.
However, the bourse slipped to second rank after been overtaken by NYSE Euronext (US), in April, 2013, as per the latest data compiled by WFE.
In May as well, NSE has retained its second spot with nearly 12.4 crore equity trades on its platform.
The month witnessed Shenzhen SE taking the top slot with equity trades to the tune of 12.63 crore, a rise of 72.9 percent from the preceding month. In comparison, the number of equity trades on NSE rose by 13 percent in May.
Shenzhen SE and NSE were followed by NYSE Euronext (US), China’s Shanghai SE and Nasdaq OMX in the top five.
NYSE Euronext (US) recorded 10.69 crore equity trades followed closely by Shanghai SE with 10.42 trades.
Shenzhen metro Line 3 operator Shenzhen Metro Group Co has awarded Nanjing SR Puzhen Rail Transport Co a 1.26bn yuan contract to supply 33 six-car trainsets in 2015-16. NPRT is a joint venture between CSR Corp and Singapore-based aluminium alloy supplier Midas Holdings.
“The metro train sector’s positive order momentum is expected to benefit industry players, and NPRT is well positioned and poised to ride on this trend.” said Midas CEO Patrick Chew.
The announcement comes less than two weeks after Midas announced that it will supply 56 cars for Shenzhen metro Line 4 under a separate 420m yuan contract.
Liu Linchao from China built his house with bamboo, polyethylene and plastic and moves across the country in his portable home. His portable house weighs in at 132 lbs, but he carries his mobile house on his shoulders anywhere he goes in China.
The 38-year-old lost his job five years ago and was then evicted from his home before he decided to hit the road in Liuzhou, Guangxi Province.
He says his portable home makes him ‘feel free’ and he now carries the 60kg structure wherever he goes in southern China while selling recyclable drink bottles.
‘I was fed up with getting caught in the rain all the time,’ he explained.
‘Even when I found a dry spot under a bridge or in an abandoned building there was often someone else there before me and I’d have to row to get to share it.
‘At one stage I was so fed up I built a house out of bamboo where I had some work as a labourer for a few weeks.
‘When that ended and it was time to move on, it seemed a shame to leave the home behind – so I modified it to allow me to carry it – and since then I’ve never looked back.’
Known in China as the Great Snail Man, Mr Lingchao walks around 20 miles a day and is currently on to his third home after his previous two fell apart.