Zhitong Financial APP learned that logistics stocks were collectively higher. As of press time, ZTO Express-SW (02057) rose 5.12 per cent to HK $203.4; Sinotrans (00598) rose 4 per cent to HK $2.34; Kerry Logistics (00636) rose 3.19 per cent to HK $18.14; SITC International Holdings (01308) rose 1.5 per cent to HK $27.1; JD Logistics, Inc. (02618) rose 1.4 per cent to HK $15.96.

On the news side, the executive meeting of the State Council on April 27 pointed out that traffic logistics is the meridian of the market economy. In view of the recent disruption of logistics in some areas, the State Council has established a working mechanism. It is proposed that the qualified income from express delivery will be exempted from VAT from May 1 to the end of the year. Launch 100 billion yuan of re-loans as soon as possible to support the financing of enterprises such as logistics and warehousing. We will reasonably support the postponement of the repayment of car loans.