{"id":16714,"date":"2025-07-04T09:36:59","date_gmt":"2025-07-04T01:36:59","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=16714"},"modified":"2025-11-05T16:35:42","modified_gmt":"2025-11-05T08:35:42","slug":"morning-brief-2025-07-04","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-07-04\/","title":{"rendered":"Morning Brief 2025-07-04"},"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=\"16714\" class=\"elementor elementor-16714\" 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\"><p><strong>Financial<\/strong><br \/>-Several major banks, including BoC, CCB, and CMB, have successively launched pure credit business loan products with annual interest rates of around 3%, much lower vs previous level, Yicai reported.<\/p><p><strong>Sector News<\/strong><br \/>-The MIIT convened the 15th Manufacturing Enterprises Symposium, emphasizing the need to regulate low-priced and disorderly competition in the PV industry in accordance with laws and regulations, guide enterprises to improve product quality, and promote the orderly exit of outdated production capacity.<br \/>-The National Medical Products Administration issued an announcement on measures to optimize lifecycle regulation and support the innovative development of high-end medical devices. It mentioned to introduce supportive policies for medical device products based on brain-computer interface technology.<\/p><p><strong>Data<\/strong><br \/>-CPCA: retail sales of China&#8217;s passenger vehicles and NEVs rise 15%\/25% yoy in June, up 5%\/4% mom respectively.<\/p><p><strong>July 3 Block Trade Info<\/strong><br \/>*Discount<br \/>-ArcSoft (688088 CH) saw 25 block trades worth 80.11mn at 40.42yuan per share, 15.21pct discount from last closing.<br \/>-Mindray Bio-Medical (300760 CH) saw 28 block trades worth 881.02mn at 213.47yuan per share, 3.06pct discount from last closing.<br \/>-Jiuzhitang (000989 CH) saw 2 block trades worth 95.60mn at 9.56yuan per share, 4.02pct discount from last closing.<\/p><\/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-2025-07-04.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>Several major banks, including BoC, CCB, and CMB, have successively launched pure credit business loan products with annual interest rates of around 3%, much lower vs previous level, Yicai reported.<\/p>","protected":false},"author":3,"featured_media":16715,"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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