{"id":16699,"date":"2025-07-03T10:31:34","date_gmt":"2025-07-03T02:31:34","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=16699"},"modified":"2025-11-05T16:36:13","modified_gmt":"2025-11-05T08:36:13","slug":"morning-brief-2025-07-03","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-07-03\/","title":{"rendered":"Morning Brief 2025-07-03"},"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=\"16699\" class=\"elementor elementor-16699\" 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<div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\"><div data-ogsc=\"\" data-olk-copy-source=\"MessageBody\"><strong>Financial<\/strong><\/div><div data-ogsc=\"\">-Fitch analysts said that the rise in Gold seems to have come to an end,although the price of gold will remain high, it will take extreme events to break the April record.<\/div><div data-ogsc=\"\">-PwC predict IPO financing scale in Hong Kong of 2025 will reach HKD 200-220bn.<\/div><div data-ogsc=\"\">\u00a0<\/div><div data-ogsc=\"\"><strong>Data<\/strong><\/div><div data-ogsc=\"\">-In June, the number of new opened A-share accounts was 1.65 mio, up 53% y\/y, and12.6 mio new A-share accounts were opened in the first half of the year.<\/div><div data-ogsc=\"\">-Shanghai Commission of Commerce data: from Jan to Jun, Shanghai received 4.248mio inbound tourists, up 38.5% y\/y; The sales of goods with exit tax refund increased by 85% y\/y, of which the sales of &#8220;buy and return&#8221;increased by 28.1 times y\/y.<\/div><div data-ogsc=\"\">\u00a0<\/div><div data-ogsc=\"\"><strong>July 2 Block Trade Info<\/strong><\/div><div data-ogsc=\"\">*Discount<\/div><div data-ogsc=\"\">-ArcSoft (688088 CH) saw 1 block trade worth 165.64mn at 40.40yuan per share, 14.57pct discount from last closing.<\/div><div data-ogsc=\"\">-Sinosoft (603927 CH) saw 11 block trades worth 48.42mn at 17.51yuan per share, 10.11pct discount from last closing.<\/div><div data-ogsc=\"\">-Minglida Precision (301268 CH) saw 1 block trade worth 96.91mn at 14.57yuan per share, 20.34pct discount from last closing.<\/div><div data-ogsc=\"\">-Global Infotech (300465 CH) saw 1 block trade worth 52.83mn at 12.80yuan per share, 17.53pct discount from last closing.<\/div><\/div>\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\/07\/Morning-Brief-2025-07-03.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>Fitch analysts said that the rise in Gold seems to have come to an end,although the price of gold will remain high, it will take extreme events to break the April record.<\/p>","protected":false},"author":3,"featured_media":16701,"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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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-16699","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 2025-07-03 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"Fitch says gold\u2019s rally may be over; 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