{"id":16131,"date":"2025-06-30T10:15:10","date_gmt":"2025-06-30T02:15:10","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=16131"},"modified":"2025-11-06T17:08:02","modified_gmt":"2025-11-06T09:08:02","slug":"morning-brief-2025-06-30","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-06-30\/","title":{"rendered":"Morning Brief 2025-06-30"},"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=\"16131\" class=\"elementor elementor-16131\" 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>Data<\/strong><br \/>-Ministry of Finance: From Jan to May, the total operating revenue of state-owned and state-owned holding enterprises nationwide was CNY 32806bn, down 0.1% y\/y; the total profit was CNY 1651.45bn, down 2.8% y\/y.<br \/>-According to statistics, 16 provinces have released the average salary of employees in urban units in 2024 so far. The average salary of employees in urban units across the country has maintained an annual growth trend. <br \/>-The issuance of the first batch of floating fee rate funds is close to the end,raising more than CNY 21.8bn.<\/p><p><strong>Financial<\/strong><br \/>-Since June, foreign institutions have intensively investigated nearly 100A-share listed companies, and GEM and STAR Market companies have attracted more attention from foreign investors, especially in the electronic, integrated circuit, high-end manufacturing, Innovative Drugs and other sectors.<br \/>-CSRC has severely investigated cases of financial fraud, for the first time holding accomplices in the fraud equally accountable.<\/p><p><strong>Co Focus<\/strong><br \/>-Tesla has completed the first full self-driving delivery of the Model Y.<\/p><p><strong>June 27 Block Trade Info<\/strong><br \/>*Discount -Kinwong Electronic (603228 CH) saw 19 block trades worth 142.64mn at 33.01yuan per share, 13.22pct discount from last closing.<br \/>-Pudong Development Bank (600000 CH) saw 1 block trade worth 83.45mn at 13.50yuan per share, 0.37pct discount from last closing.<br \/>-Greatchem Chemicals (300804 CH) saw 1 block trade worth 76.81mn at 51.90yuan per share, 2.30pct discount from last closing.<br \/>-Meinian Onehealth (002044 CH) saw 14 block trade worth 58.24mn at 4.75yuan per share, 9.35pct discount 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\/06\/Morning-Brief-2025-06-30.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>Ministry of Finance: From Jan to May, the total operating revenue of state-owned and state-owned holding enterprises nationwide was CNY 32806bn, down 0.1% y\/y; the total profit was CNY 1651.45bn, down 2.8% y\/y.<\/p>","protected":false},"author":3,"featured_media":16153,"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-16131","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 2025-06-30 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"China\u2019s state-owned enterprises saw CNY 32.8tn revenue and CNY 1.65tn profit from Jan\u2013May, down 0.1% and 2.8% year-on-year.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" 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