{"id":17147,"date":"2025-07-29T09:30:31","date_gmt":"2025-07-29T01:30:31","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17147"},"modified":"2025-11-05T15:53:04","modified_gmt":"2025-11-05T07:53:04","slug":"morning-brief-2025-07-29","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-07-29\/","title":{"rendered":"Morning Brief 2025-07-29"},"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=\"17147\" class=\"elementor elementor-17147\" 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=\"\"><div data-ogsc=\"\"><p><strong>Policy<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-The implementation plan of the national parenting subsidy system was announced on. From January 1, 2025, subsidies will be provided to infants under 3 year sold who meet the requirements of laws and regulations, until they reach 3 year sold. Childcare subsidies are paid annually, and the national basic standard at this stage is CNY 3600 per child. Among them, for infants and young children born before January 1, 2025, who are less than 3 years old, the subsidy will be calculated based on the number of months to be subsidized.<\/span><\/p><p><strong>Co\u2019s focus<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-At the World AI Conference Forum, Ant Digital officially released the financial reasoning large model Agentar-Fin-R1. Based on the R&amp;D of Qwen3, it surpassed DeepSeek-R1 and other open source general models with the same size in the evaluation benchmarks of authoritative financial big models such as FinEval1.0 and Finance IQ.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-ALIBABA AI glasses officially appeared in a complete form at this world AI Conference.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Hong Kong CKH HOLDINGS group said that it intends to invite major strategic investors from mainland China to join the consortium and jointly negotiate the sale of its port business in the Panama Canal.<\/span><\/p><p><strong>July 28 Block Trade Info<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Discount<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Hengrui Pharm (600276 CH) saw 7 block trades worth 468.14mn at 59.56yuan per share, 12.61pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-SAIC Motor (600104 CH) saw 1 block trade worth 104.70mn at 17.45yuan per share, 0.80pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Senssun Weighing (002870 CH) saw 21 block trades worth 84.05mn at 31.85yuan per share, 6.90pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Sunner Development (002299 CH) saw 2 block trades worth 144.90mn at 16.03yuan per share, 2.49pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*Premium<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-China Eastern Airlines (600115 CH) saw 1 block trade worth 292.78mn at 4.24yuan per share, 8.44pct premium from last closing.<\/span><\/p><\/div><\/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-2025-07-29.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 implementation plan of the national parenting subsidy system was announced on. From January 1, 2025, subsidies will be provided to infants under 3 year sold who meet the requirements of laws and regulations, until they reach 3 year sold. Childcare subsidies are paid annually, and the national basic standard at this stage is CNY 3600 per child. Among them, for infants and young children born before January 1, 2025, who are less than 3 years old, the subsidy will be calculated based on the number of months to be subsidized.<\/p>","protected":false},"author":3,"featured_media":17148,"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-17147","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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