Today's trend: AVIC Industrial Finance (600705) hit the limit up board today, with the stock hitting the limit up 8 times in the past year.
Reasons for the change revealed: 1. The company's main business scope is comprehensive financial services and industrial investment. The company mainly operates financing leasing business, trust business, securities business, finance company business, futures business, industrial investment business, international business, and insurance brokerage business through its subsidiaries such as AVIC Leasing, AVIC Trust, AVIC Securities, AVIC Finance, AVIC Futures, Industrial Investment Company, AVIC Capital International, and Jingxi Insurance Brokerage.
2. The company is a stock with a Chinese prefix, and its actual controller is the State owned Assets Supervision and Administration Commission, central state-owned enterprises, or central government agencies.
3. The registered address of AVIC International Leasing Co., Ltd., a subsidiary of AVIC Investment, is Pudong Waigaoqiao Free Trade Zone (600648). AVIC Leasing is a professional financing leasing company. In June 2010, AVIC Leasing signed a strategic cooperation memorandum with Shanghai Comprehensive Bonded Zone for the financing leasing project.
Market analysis: The stock hit the daily limit up today, and there may be further upward momentum in the future.
