{"id":18266,"date":"2025-09-26T09:25:53","date_gmt":"2025-09-26T01:25:53","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18266"},"modified":"2025-11-05T17:37:46","modified_gmt":"2025-11-05T09:37:46","slug":"morning-brief-2025-09-26","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-09-26\/","title":{"rendered":"Morning Brief 2025-09-26"},"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=\"18266\" class=\"elementor elementor-18266\" 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>-For China\u2019s 11th national drug procurement round, if a company\u2019s bid price falls below the set \u201canchor price\u201d, it must now submit a \u201cReasonableness of Quotation Statement\u201d, which requires detailed justification of cost structure.<\/p><p>-Shanghai has released an action plan to boost its high-end medical device industry. By 2027, the city aims to achieve key targets including securing over 500 new domestic Class III medical device registrations and obtaining over 100 overseas approvals for medical device products.<\/p><p><strong>Co Focus<\/strong><\/p><p>-Xiaomi\u2019s CEO Lei Jun unveiled the new Xiaomi 17 series mobile phones, priced from 4,499 yuan. The chip uses the 3rd generation 3nm process technology and achieves the highest main frequency ever for a mobile platform at 4.6GHz.<\/p><p><strong>Sept 25 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-PNC Process Systems (603690 CH) saw 4 block trades worth cny 102.65mn at 28.20yuan per shr, 5.02pct discount from last closing.<\/p><p>-Kuang-Chi Tech (002625 CH) saw 1 block trade worth cny 203.74mn at 48.51yuan per shr, 2.49pct discount from last closing.<\/p><p>*Flat<\/p><p>-Bohui Paper (600966 CH) saw 2 block trades worth cny 322.85mn at 4.83yuan per shr, flat from last closing.<\/p><p>-CATL (300750 CH) saw 2 block trades worth cny 218.07mn at 392.85yuan per shr, 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\/09\/Morning-Brief-2025-09-26.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>For China\u2019s 11th national drug procurement round, if a company\u2019s bid price falls below the set \u201canchor price\u201d, it must now submit a \u201cReasonableness of Quotation Statement\u201d, which requires detailed justification of cost structure.<\/p>","protected":false},"author":3,"featured_media":18267,"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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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-18266","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 2025-09-26 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"In China\u2019s 11th national drug procurement, bids below anchor price must include a detailed \u201cReasonableness of Quotation Statement.\u201d\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" 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