The Zhitong Finance App learned that Lexin Logistics (02490) rose by more than 6%. As of press release, it had risen 6.37% to HK$20.55, with a turnover of HK$2.165,500.

According to the news, recently, the Executive Meeting of the State Council reviewed and approved “Opinions on Expanding Cross-border E-commerce Exports and Promoting Overseas Warehouse Construction”. The conference pointed out that developing new forms of foreign trade, such as cross-border e-commerce and overseas warehouses, is conducive to promoting the optimization of foreign trade structure and scale stability, and to creating new advantages in international economic cooperation. Furthermore, Huatai Securities's previous research report pointed out that 1Q24 shipping prices increased sharply year on year, compounded by a recovery in export demand, and strong demand for cross-border e-commerce, and individual cross-border logistics stocks are expected to achieve performance growth.

According to reports, Levin Logistics is an integrated cross-border shipping logistics service provider in China. Its services already cover the main aspects of the cross-border logistics process, including package handling, warehousing and sorting, customs clearance, cross-border shipping, warehousing transit and final delivery. The company has two main business lines: cross-border shipping services and ship leasing. The company has a global logistics network, and the service network covers the United States, Canada, Mexico, Honduras, Germany, the Netherlands, Belgium, Australia, Vietnam, Japan, Indonesia and other countries.