{"id":17751,"date":"2025-08-21T09:14:25","date_gmt":"2025-08-21T01:14:25","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17751"},"modified":"2025-11-05T16:48:58","modified_gmt":"2025-11-05T08:48:58","slug":"morning-brief-2025-08-21","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-08-21\/","title":{"rendered":"Morning Brief 2025-08-21"},"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=\"17751\" class=\"elementor elementor-17751\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4025ec7 e-con-full e-flex e-con e-parent\" data-id=\"4025ec7\" data-element_type=\"container\" data-e-type=\"container\">\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>Sector News<\/strong><\/p><p>&#8211; Ministry of Finance and Taxation Administration announced that personal income tax will be exempted for child care subsidies issued in accordance with the provisions of the parenting subsidy system, which would be effective from January 1, 2025.<\/p><p>&#8211; Premier Li Qiang of the State Council, during his research on the development of the biomedical industry in Beijing, emphasized that efforts should be made to increase the supply of high-quality science and technology and policy support, give full play to enterprises&#8217; role as the main innovation players, focus on promoting the quality improvement and upgrading of the biomedical industry, research, develop and produce more high-quality, efficient, good and new medicines.<\/p><p><strong>Co Focus<\/strong><\/p><p>&#8211; Market rumors said that FAW Group planned to acquire 10% shares of LEAPMOTOR.<\/p><p><strong>Data<\/strong><\/p><p>-The LPR quotation in August remained stable:1-Year LPR3%, 5-year and above varieties were reported at 3.5%<\/p><p>&#8211; According to CUSTOMS statistics, in the first 7 months of this year, China&#8217;s import and export to other members of SCO amounted to 2.11tn, up 3% y\/y, which reached a record high for the same period in history. In July, China&#8217;s import and export to other SCO member states amounted to CNY 326.05bn, up 8.5%.<\/p><p><strong>Aug 20 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Toland Alloy (300855 CH) saw 3 block trade worth 125.00mn at 27.81yuan per share, 8.85pct discount from last closing.<\/p><p>-Hamaton Auto (300643 CH) saw 1 block trade worth 94.44mn at 26.54yuan per share, 1.99pct discount from last closing.<\/p><p>-Everprox Tech (300548 CH) saw 27 block trade worth 94.09mn at 80.21yuan per share, 24.56pct discount from last closing.<\/p><p>-Sichuan Hexie Shuangma (000935 CH) saw 10 block trades worth 36.78mn at 18.39yuan per share, 11.16pct discount from last closing.<\/p><p>*Flat<\/p><p>-Wintrue (002539 CH) saw 1 block trade worth 100.79mn at 10.18yuan 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-2025-08-21.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<\/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>Ministry of Finance and Taxation Administration announced that personal income tax will be exempted for child care subsidies issued in accordance with the provisions of the parenting subsidy system, which would be effective from January 1, 2025.<\/p>","protected":false},"author":3,"featured_media":17755,"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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