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And he sees more growth of clients from the Chinese mainland investing in CME Group's products through futures commission merchants or brokerages in Hong Kong.
Analysts noted the impact of COVID-19 has been merely temporary. As the contagion is being contained, a recovery in demand for construction machinery and equipment is expected, said Xu Hao, an industrial analyst at Minsheng Securities.
An online event was also held by Longyuan South Africa Renewables of China Longyuan Power Group Corp, a subsidiary of China Energy Investment Corporation (China Energy), to demonstrate how Chinese SOEs fulfill their responsibilities in overseas markets.
Analysts expect this move to benefit companies across the country.
Analysts were expecting earnings of .50 per share and revenue of .90 billion, according to IBES estimate from Refinitiv. It was not immediately clear if the reported numbers were comparable with the estimate.
