{"id":17264,"date":"2025-08-05T09:36:07","date_gmt":"2025-08-05T01:36:07","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17264"},"modified":"2025-11-05T17:14:07","modified_gmt":"2025-11-05T09:14:07","slug":"morning-brief-2025-08-05","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-08-05\/","title":{"rendered":"Morning Brief 2025-08-05"},"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=\"17264\" class=\"elementor elementor-17264\" 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>Industrial Economy<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*A-share new account openings hit 1.96 million in July, up 71% y\/y.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*CPCAAUTO: China\u2019s NEV wholesale sales reach 1.18 million units in July, up 25% y\/y and down 4% m\/m respectively.<\/span><\/p><p><strong>Financial<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*China\u2019s Tax Authorities: Strengthen oversight on individual overseas income, with stock trading profits abroad now subject to taxation.<\/span><\/p><p><strong>Co Focus<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Lens Technology (300433 CH): co has undertaken the business of producing multiple full-series humanoid robots for AgiBot and jointly established Hunan Zhiqi Future Technology Co., Ltd. with AgiBot. The joint venture focuses on high-end intelligent manufacturing equipment for the consumer electronics and new energy sectors, committed to the integrated innovation of AI + robotics.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*Fengli Intelligent (301368 CH): co plans to issue additional shares to raise no more than cny 730mio, with the proceeds to be used for projects including the intelligent manufacturing of precision power gears for NEVs and other initiatives.<\/span><\/p><p><strong>Aug 4 Block Trade Info<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Discount<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-M&amp;G Stationery (603899 CH) saw 6 block trades worth 197.96mn at 29.46yuan per share, 5.58pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Yanhu Industry (000792 CH) saw 1 block trade worth 956.65mn at 18.05yuan per share, 0.44pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Shanjin International Gold (000975 CH) saw 3 block trades worth 89.55mn at 18.26yuan per share, 2.98pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Sed Industry (000032 CH) saw 2 block trades worth 203.04mn at 25.38yuan per share, 2.38pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*Flat<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Winning Health Tech (300253 CH) saw 2 block trades worth 110.07mn at 11.22yuan per share, flat from last closing.<\/span><\/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\/07\/Morning-Brief-2025-08-05.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>A-share new account openings hit 1.96 million in July, up 71% y\/y. China\u2019s NEV wholesale sales reach 1.18 million units in July, up 25% y\/y and down 4% m\/m respectively.<\/p>","protected":false},"author":3,"featured_media":17267,"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-17264","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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