{"id":14234,"date":"2025-05-15T09:33:14","date_gmt":"2025-05-15T01:33:14","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=14234"},"modified":"2026-02-11T15:06:30","modified_gmt":"2026-02-11T07:06:30","slug":"morning-brief-2025-05-15","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-05-15\/","title":{"rendered":"Morning Brief 2025-05-15"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14234\" class=\"elementor elementor-14234\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4025ec7 e-flex e-con-boxed e-con e-parent\" data-id=\"4025ec7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-945fb5f elementor-widget elementor-widget-text-editor\" data-id=\"945fb5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Data<br \/>*China Jan-Apr aggregate financing cny 16.34tn, est cny 16.577tn, an increase of cny 3.61tn compared to the same period last year.<br \/>*China Jan-Apr new yuan loans cny 10.06tn, est cny 10.475tn.<br \/>*China April M2 money supply rises 8% y\/y, est 7.2% y\/y, beats estimates.<\/p><p>Financial<br \/>*CSRC and six other ministries jointly issued the \u201cSeveral Policy Measures to Accelerate the Construction of a Sci-Tech Finance System and Strongly Support High-Level Self-Reliance in Science and Technology\u201d, which proposes to establish the \u201cNational Venture Capital Guidance Fund\u201d and further strengthen capital market support for sci-tech innovation enterprises.<br \/>*ChinaClear recently launched the 25Q1 abnormal account inspection to enforce the real-name regulation for securities accounts and prevent\/crack down on illegal activities involving the use of securities accounts.<\/p><p>Co Focus<br \/>*Tencent Q1 revenue cny 180.02bn, up 13% y\/y, est cny 175.6bn, beats estimates, with net income cny 47.82bn, up 14% y\/y, est cny 51.69bn, misses estimates.<\/p><p>May 14 Block Trade Info<br \/>*Discount<br \/>-Eastroc Beverage (003010 CH) saw 8 block trades worth 54.34mn at 46.05yuan per share,11.27pct discount from last closing.<br \/>-Dr Laser Tech (002050 CH) saw 1 block trade worth 38.72mn at 26.35yuan per share,4.39pct discount from last closing.<\/p><p>*Flat<br \/>-Moutai (600519 CH) saw 1 block trade worth 79.52mn at 1590.30yuan per share, flat from last closing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2604ec3 elementor-widget elementor-widget-button\" data-id=\"2604ec3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/05\/Morning-Brief-2025-05-15.pdf\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>China Jan-Apr aggregate financing cny 16.34tn, est cny 16.577tn, an increase of cny 3.61tn compared to the same period last year.<\/p>","protected":false},"author":3,"featured_media":14239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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