Summary by Futu AI
The Industrial And Commercial Bank Of China has announced the latest list of Board of Directors members and their roles. The current Board of Directors consists of fifteen directors, including three executive directors, six non-executive directors, and six independent non-executive directors. Among them, Mr. Liao Lin serves as Chairman, Mr. Liu Jun serves as Vice Chairman and President, and Mr. Wang Jingwu serves as Vice President.The Board of Directors has established eight specialized committees, namely the Strategy Committee, Social Responsibility and Consumer Rights Protection Committee, Audit Committee, Risk Management Committee, Nomination Committee, Remuneration Committee, Related Party Transaction Control Committee, and USA Regional Institutions Risk Committee. The chairpersons of each committee are: Liao Lin (Strategy Committee, Social Responsibility and Consumer Rights Protection Committee), Chen Guanting (Audit Committee), Chen Delin (Risk Management Committee, USA Regional Institutions Risk Committee), Hu Zuliu (Nomination Committee), Herbert Water (Remuneration Committee), and Mory iHuman (Related Party Transaction Control Committee).
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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