{"id":17640,"date":"2025-08-14T09:24:06","date_gmt":"2025-08-14T01:24:06","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17640"},"modified":"2025-11-05T16:52:34","modified_gmt":"2025-11-05T08:52:34","slug":"morning-brief-2025-08-14","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-08-14\/","title":{"rendered":"Morning Brief 2025-08-14"},"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=\"17640\" class=\"elementor elementor-17640\" 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>Sectors<\/strong><\/p><p>-State Administration of Market Regulation solicit opinions that assisted driving cannot be automatic driving, and OTA shall not be upgraded without filing.<\/p><p><strong>Co\u2019s focus<\/strong><\/p><p>-TENCENT\u2019s revenue for Q2 was CNY 184.504bn, up 15% y\/y; adjusted net income CNY63.052bn, up 10% y\/y.<\/p><p>-According to informed sources, Didi recently has invested in driverlesscommercial vehicle enterprises NEWSTONE.<\/p><p>-People close to DeepSeek confirmed that DeepSeek-R2 had no release plan inAugust.<\/p><p><strong>Data<\/strong><\/p><p>-According to the latest data released by PBoC, at the end of July China&#8217;s M2balance was CNY 329.94tn, up 8.8% y\/y; M1 balance was CNY 111.06tn, up 5.6%y\/y; M0 balance was CNY 13.28 tn, up 11.8% y\/y. The cumulative social financing scale amount was 23.99tn, 5.12tn more than the same period of last year.<\/p><p><strong>Aug 13 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-SH AtHub (603881 CH) saw 1 block trade worth 106.88mn at 23.75yuan per share, 13.64pct discount from last closing.<br \/>-Range Intelligent Computing Tech (300442 CH) saw 1 block trade worth 50.70mn at 50.70yuan per share, 1.00pct discount from last closing.<\/p><p>*Flat<\/p><p>-CATL (300750 CH) saw 1 block trade worth 72.23mn at 273.60yuan per share, flat from last closing.<\/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\/08\/Morning-Brief-2025-08-14.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>State Administration of Market Regulation solicit opinions that assisted driving cannot be automatic driving, and OTA shall not be upgraded without filing.<\/p>","protected":false},"author":7,"featured_media":17641,"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-17640","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 2025-08-14 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief 2025-08-14\" \/>\n<meta property=\"og:description\" content=\"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\" \/>\n<meta property=\"og:site_name\" content=\"Orient Futures Singapore\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-14T01:24:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-05T08:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.orientfutures.com.sg\/wp-content\/uploads\/2025\/08\/68-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"miqi admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"miqi admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\"},\"author\":{\"name\":\"miqi admin\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/person\/96c83bb1575ba03542ad10ab547e3c1a\"},\"headline\":\"Morning Brief 2025-08-14\",\"datePublished\":\"2025-08-14T01:24:06+00:00\",\"dateModified\":\"2025-11-05T08:52:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\"},\"wordCount\":190,\"publisher\":{\"@id\":\"https:\/\/of.sbwd.website\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png\",\"articleSection\":[\"Research\"],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\",\"url\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\",\"name\":\"Morning Brief 2025-08-14 - Orient Futures Singapore\",\"isPartOf\":{\"@id\":\"https:\/\/of.sbwd.website\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png\",\"datePublished\":\"2025-08-14T01:24:06+00:00\",\"dateModified\":\"2025-11-05T08:52:34+00:00\",\"description\":\"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage\",\"url\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png\",\"contentUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png\",\"width\":1920,\"height\":1080,\"caption\":\"A pyramid of silver coins representing savings, investment strength, and financial stability.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.orientfutures.com.sg\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief 2025-08-14\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/of.sbwd.website\/#website\",\"url\":\"https:\/\/of.sbwd.website\/\",\"name\":\"Orient Futures Singapore\",\"description\":\"The Premier Gateway to Global Markets\",\"publisher\":{\"@id\":\"https:\/\/of.sbwd.website\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/of.sbwd.website\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/of.sbwd.website\/#organization\",\"name\":\"Orient Futures Singapore\",\"url\":\"https:\/\/of.sbwd.website\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png\",\"contentUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png\",\"width\":800,\"height\":149,\"caption\":\"Orient Futures Singapore\"},\"image\":{\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/person\/96c83bb1575ba03542ad10ab547e3c1a\",\"name\":\"miqi admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief 2025-08-14 - Orient Futures Singapore","description":"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"zh_CN","og_type":"article","og_title":"Morning Brief 2025-08-14","og_description":"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.","og_url":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/","og_site_name":"Orient Futures Singapore","article_published_time":"2025-08-14T01:24:06+00:00","article_modified_time":"2025-11-05T08:52:34+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/www.orientfutures.com.sg\/wp-content\/uploads\/2025\/08\/68-1024x576.png","type":"image\/png"}],"author":"miqi admin","twitter_card":"summary_large_image","twitter_misc":{"\u4f5c\u8005":"miqi admin","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"2 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#article","isPartOf":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/"},"author":{"name":"miqi admin","@id":"https:\/\/of.sbwd.website\/#\/schema\/person\/96c83bb1575ba03542ad10ab547e3c1a"},"headline":"Morning Brief 2025-08-14","datePublished":"2025-08-14T01:24:06+00:00","dateModified":"2025-11-05T08:52:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/"},"wordCount":190,"publisher":{"@id":"https:\/\/of.sbwd.website\/#organization"},"image":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage"},"thumbnailUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png","articleSection":["Research"],"inLanguage":"zh-Hans"},{"@type":"WebPage","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/","url":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/","name":"Morning Brief 2025-08-14 - Orient Futures Singapore","isPartOf":{"@id":"https:\/\/of.sbwd.website\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage"},"image":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage"},"thumbnailUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png","datePublished":"2025-08-14T01:24:06+00:00","dateModified":"2025-11-05T08:52:34+00:00","description":"China\u2019s SAMR issues guidelines: assisted driving not equal to autonomous driving; OTA upgrades must be pre-filed.","breadcrumb":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#primaryimage","url":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png","contentUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/08\/68.png","width":1920,"height":1080,"caption":"A pyramid of silver coins representing savings, investment strength, and financial stability."},{"@type":"BreadcrumbList","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-08-14\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.orientfutures.com.sg\/"},{"@type":"ListItem","position":2,"name":"Morning Brief 2025-08-14"}]},{"@type":"WebSite","@id":"https:\/\/of.sbwd.website\/#website","url":"https:\/\/of.sbwd.website\/","name":"\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761","description":"\u76f4\u901a\u5168\u7403\u5e02\u573a\u7684<br>\u9996\u8981\u6e20\u9053","publisher":{"@id":"https:\/\/of.sbwd.website\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/of.sbwd.website\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Organization","@id":"https:\/\/of.sbwd.website\/#organization","name":"\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761","url":"https:\/\/of.sbwd.website\/","logo":{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/","url":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png","contentUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png","width":800,"height":149,"caption":"Orient Futures Singapore"},"image":{"@id":"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/of.sbwd.website\/#\/schema\/person\/96c83bb1575ba03542ad10ab547e3c1a","name":"miqi admin"}]}},"_links":{"self":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/17640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/comments?post=17640"}],"version-history":[{"count":9,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/17640\/revisions"}],"predecessor-version":[{"id":19482,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/17640\/revisions\/19482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/media\/17641"}],"wp:attachment":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/media?parent=17640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/categories?post=17640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/tags?post=17640"},{"taxonomy":"post_language","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/post_language?post=17640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}