{"id":17930,"date":"2025-09-03T09:26:33","date_gmt":"2025-09-03T01:26:33","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=17930"},"modified":"2025-11-05T17:21:01","modified_gmt":"2025-11-05T09:21:01","slug":"morning-brief-2025-09-03","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-09-03\/","title":{"rendered":"Morning Brief 2025-09-03"},"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=\"17930\" class=\"elementor elementor-17930\" 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>Data<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*In August, the number of new A-share trading accounts in China reached 2.65 million, surging 165% y\/y and 35% m\/m respectively. <\/span><\/p><p><span data-blocked-bgimage=\"initial\">*CPCAAUTO: China August wholesales of NEV reached 1.3 million units, up 24% y\/y and up 10% m\/m respectively.<\/span><\/p><p><strong>Industrial Economy<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Unitree Robotics announced that it plans to submit its listing application documents to the stock exchange between October and December 2025, at which time the company\u2019s relevant operational data will be officially disclosed.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*Ministry of Agriculture and Rural Affairs: Strong Support for Developing Characteristic Agriculture and Animal Husbandry in Tibet.<\/span><\/p><p><strong>International Relationship<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*China to implement visa-free policy for ordinary Russian passport holders from September 15, 2025 to September 14, 2026 on a trial basis.<\/span><\/p><p><strong>Financial<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Ministry of Finance and State Taxation Administration clarified tax policies on operation and management of state-owned equity and cash proceeds transferred to strengthen social security funds.<\/span><\/p><p><strong>Sept 2 Block Trade Info<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Discount<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Allist Pharma (688578 CH) saw 6 block trades worth 54.55mn at 104.91yuan per share, 9.00pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Raytron Tech (688002 CH) saw 1 block trade worth 512.14mn at 67.71yuan per share, 10.32pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-ZhongDianXinLong (002298 CH) saw 2 block trades worth 75.23mn at 10.03yuan per share, 2.43pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Hua Ying Tech (000536 CH) saw 1 block trade worth 58.10mn at 5.81yuan per share, 1.53pct discount 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\/08\/Morning-Brief-2025-09-03.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>In August, the number of new A-share trading accounts in China reached 2.65 million, surging 165% y\/y and 35% m\/m respectively.<\/p>","protected":false},"author":3,"featured_media":17931,"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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