{"id":16745,"date":"2025-07-08T09:31:34","date_gmt":"2025-07-08T01:31:34","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=16745"},"modified":"2025-11-05T16:22:52","modified_gmt":"2025-11-05T08:22:52","slug":"morning-brief-2025-07-08","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-07-08\/","title":{"rendered":"Morning Brief 2025-07-08"},"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=\"16745\" class=\"elementor elementor-16745\" 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 \/>-The three major exchanges of China officially implemented the new regulation son quantitative trading today. A number of 10 billion quantitative private equity firms disclosed that the high-frequency alpha strategy and the arbitrage strategy of a basket of stocks will be affected.<\/p><p><strong>Policy<\/strong><br \/>-Shanghai issued several measures to promote the high-quality development of software and information services in Shanghai, which pointed out that all districts are encouraged to reward soft credit enterprises with annual revenue exceeding CNY 2bn and growth rate exceeding 1.2 times of the city&#8217;s average growth rate.<\/p><p><strong>International Relationship<\/strong><br \/>-Trump threatened to impose new tariffs on BRICS countries.<br \/>-The Ministry of Foreign Affairs responded to the issue of tariffs on the EU brandy: China and Europe can negotiate to solve specific economic and trade issues.<\/p><p><strong>Data<\/strong><br \/>-State Administration of Foreign Exchange: as of the end of June, size of China\u2019s foreign exchange reserves was USD 3317.4bn, up 0.98% m\/m, and gold reserves were 73.9mn ounces, an increase of 70,000 ounces from the previous month.<\/p><p><strong>Co\u2019s focus<\/strong><br \/>-Domestic DRAM memory chip manufacturer Changxin Memory (Changxin Technology Group Co.,Ltd.) launches listing guidance, CICC\u3001CHINASECURITIES serve as a tutoring institution.<\/p><p><strong>July 7 Block Trade Info<\/strong><br \/>*Discount<br \/>-Caida Securities (600906 CH) saw 43 block trades worth 165.64mn at 6.45yuan per share, 8.38pct discount from last closing.<br \/>-Techwinsemi Tech (001309 CH) saw 2 block trades worth 72.75mn at 109.24yuan per share, 10.28pct discount from last closing.<\/p><p>*Flat<br \/>-Wetown Electric (688226 CH) saw 2 block trades worth 88.47mn at 28.31yuan per share, flat 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-2025-07-08.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 three major exchanges of China officially implemented the new regulation son quantitative trading today. A number of 10 billion quantitative private equity firms disclosed that the high-frequency alpha strategy and the arbitrage strategy of a basket of stocks will be affected.<\/p>","protected":false},"author":3,"featured_media":16746,"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-16745","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) - 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