{"id":14510,"date":"2025-05-26T09:25:32","date_gmt":"2025-05-26T01:25:32","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=14510"},"modified":"2026-02-11T15:02:54","modified_gmt":"2026-02-11T07:02:54","slug":"morning-brief-2025-05-26","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-05-26\/","title":{"rendered":"Morning Brief 2025-05-26"},"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=\"14510\" class=\"elementor elementor-14510\" 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><strong>\u677f\u5757<\/strong><br \/>-PBoC, Administration of Foreign Exchange made it clear that the funds obtained from the overseas listing of the raised funds, the reduction or transfer of shares shall be remitted back to China in principle, and the shareholders shall remit the funds back to China in time if there is any surplus or the transaction is not concluded.<br \/>-The 5th set of standards of the STAR Market has been restarted\uff0cand the IPO of unprofitable biomedical enterprises may be restarted again.<br \/>-State Administration for Market Regulation issued the compliance guide for charging behavior of online trading platform for public comments.<\/p><p><strong>Co\u2019s focus<\/strong><br \/>-NIO Automobile announced that on May 25, the new ET5 will be launched. Xpeng Motors hope to launch flying car products to consumers in 2026.<br \/>-BYD\u2019s 22 models have been reduced in price, the max drop is cny 53,000.<\/p><p><strong>Data<\/strong><br \/>-CPCAAUTO: the total retail market size of narrow sense passenger vehicles in May will be about 1.85mn units, up 8.5% y\/y and 5.4% m\/m. Among them, the retail sales of NEV are expected to reach 980k units, and the penetration rate will remain at about 52.9%.<\/p><p><strong>May 23 Block Trade Info<\/strong><br \/>*Discount<br \/>-Micro-Tech (688029 CH) saw 1 block trades worth 100.22mn at 53.35yuan per share,19.69pct discount from last closing.<br \/>-Friend (605050 CH) saw 3 block trades worth 67.49mn at 11.84yuan per share,10.17pct discount from last closing.<\/p><p>*Flat<br \/>-China Merchants Bank (600036 CH) saw1 block trades worth 71.36mn at 44.05yuan per share,flat from last closing.<br \/>-BYD (002594 CH) saw 1 block trades worth 73.31mn at 405.00yuan 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-2025-05-26.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>PBoC, Administration of Foreign Exchange made it clear that the funds obtained from the overseas listing of the raised funds, the reduction or transfer of shares shall be remitted back to China in principle, and the shareholders shall remit the funds back to China in time if there is any surplus or the transaction is not concluded.<\/p>","protected":false},"author":3,"featured_media":14512,"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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