{"id":17762,"date":"2025-08-22T09:37:51","date_gmt":"2025-08-22T01:37:51","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17762"},"modified":"2025-11-05T16:47:58","modified_gmt":"2025-11-05T08:47:58","slug":"morning-brief-2025-08-22","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-08-22\/","title":{"rendered":"Morning Brief 2025-08-22"},"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=\"17762\" class=\"elementor elementor-17762\" 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>Sectors<\/strong><\/p><p>-State Administration of Foreign Exchange carries out pilot green foreign debt business, and encourage non-financial enterprises to use cross-border financing funds for green or low-carbon transformation projects.<\/p><p><strong>Co\u2019s focus<\/strong><\/p><p>-DeepSeek-V3.1 was released, and DeepSeek-V3.1-Think can provide answers in a shorter time than DeepSeek-R1-0528. Through post-training optimization, the new model has significantly improved its performance in tool use and Intelligent Agent tasks.<\/p><p>-ALIBABA proposed to spin off ZEBRA NETWORKS TECHNOLOGY INC. to list independently on the main board of HKEX.<\/p><p>-Xpeng Motors announced that He Xiaopeng purchased 3.1 mio shares of the company in the open market from Aug 20 to Aug 21 through Galaxy Dynasty, which is wholly owned by him, at an average price of HKD 80.49.<\/p><p>-Xiaomi Auto officially announced that it would participate in the Chengdu International Auto Show from Aug 29 to Sep 7.<\/p><p><strong>Aug 21 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Qilu Bank (601665 CH) saw 1 block trade worth 108.80mn at 5.73yuan per share, 2.39pct discount from last closing.<\/p><p>-Limin Group (002734 CH) saw 17 block trades worth 70.66mn at 19.02yuan per share, 11.20pct discount from last closing.<\/p><p>*Flat<\/p><p>-China Yangtze Power (600900 CH) saw 1 block trade worth 65.45mn at 27.85yuan per share, flat from last closing.<\/p><p>-Hengli Petrochemical (600346 CH) saw 2 block trades worth 199.97mn at 16.81yuan 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-2025-08-22.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>State Administration of Foreign Exchange carries out pilot green foreign debt business, and encourage non-financial enterprises to use cross-border financing funds for green or low-carbon transformation projects.<\/p>","protected":false},"author":3,"featured_media":17765,"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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