{"id":14748,"date":"2025-05-27T09:32:26","date_gmt":"2025-05-27T01:32:26","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=14748"},"modified":"2026-02-11T15:02:06","modified_gmt":"2026-02-11T07:02:06","slug":"morning-brief-2025-05-27","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-05-27\/","title":{"rendered":"Morning Brief 2025-05-27"},"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=\"14748\" class=\"elementor elementor-14748\" 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>Financial<\/strong> <br \/>*The General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly issued the Guidelines on Improving the Modern Enterprise System with Chinese Characteristics, which emphasizes SOEs shall progressively optimize their equity structures in accordance with functional positioning, while supporting listed SOEs in introducing institutional investors holding 5% or more shares as active shareholders.<\/p><p><strong>Co Focus<\/strong><br \/>*MEITUAN-W (3690 HK): Q1 revenue was cny 86.56bn, estimated cny 85.44bn, up 18.1% y\/y, with adjusted net profit was cny 10.95bn, estimated cny 9.73bn, up 46.2% y\/y, exceeded estimates.<\/p><p><strong>Industrial Economy<\/strong><br \/>*The State Council and the Central Military Commission have jointly promulgated<br \/>the Regulations on the Protection of Critical Military Industrial Facilities, which will take effect on September 15, 2025.<br \/>*The China Film Administration recently issued new regulations encouraging Hong Kong and Macao service providers to establish film production companies in mainland China and engage in filmmaking activities. *SASAC: Significantly enhance the resilience and security of industrial and supply chains, while strengthen the construction of computing power infrastructure.<\/p><p><strong>May 26 Block Trade Info<\/strong><br \/>*Discount<br \/>-Kaizhong Precision Tech (002823 CH) saw 2 block trades worth 79.10mn at 12.10yuan per<br \/>share,10.96pct discount from last closing. -Valin Wire&amp;Cable (001208 CH) saw 18 block trades worth 52.24mn at 9.54yuan per share,9.92pct discount from last closing.<\/p><p>*Flat<br \/>-Hainan Airport (600515 CH) saw1 block trades worth 573.80mn at 44.05yuan 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-2025-05-27.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>The General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly issued the Guidelines on Improving the Modern Enterprise System with Chinese Characteristics, which emphasizes SOEs shall progressively optimize their equity structures in accordance with functional positioning, while supporting listed SOEs in introducing institutional investors holding 5% or more shares as active shareholders.<\/p>","protected":false},"author":3,"featured_media":14750,"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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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":""},"categories":[33],"tags":[],"post_language":[],"class_list":["post-14748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morning Brief 2025-05-27 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"New guidelines emphasize SOE modernization, equity optimization, and involvement of institutional investors holding 5%+ shares.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" 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