{"id":18307,"date":"2025-09-30T09:23:55","date_gmt":"2025-09-30T01:23:55","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18307"},"modified":"2025-11-05T17:38:53","modified_gmt":"2025-11-05T09:38:53","slug":"morning-brief-2025-09-30","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-09-30\/","title":{"rendered":"Morning Brief 2025-09-30"},"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=\"18307\" class=\"elementor elementor-18307\" 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>-The Political Bureau of the CPC Central Committee studied the 15th Five-Year Plan and emphasize high-quality development to promote modernization.<\/p><p>-The Ministry of Industry and Information Technology issued a satellite mobile communications business license to CHINA MOBILE.<\/p><p><strong>Data<\/strong><\/p><p>-Ministry of Finance data shows that the total operating revenue of state-owned and state-owned holding enterprises nationwide from January to August was CNY 53962.01bn, up 0.2% y\/y; total profit was CNY 2793.72bn, down 2.7% y\/y; tax payable amounted to CNY 3901.25bn, down 0.3% y\/y. At the end of August the state-owned enterprise asset liability ratio was 65.2%, up 0.3 percentage points y\/y, indicating that state-owned enterprises are still under pressure.<\/p><p>-According to the press conference of the State Council Information Office, in the first half of 2025, domestic residents traveled 3.285bn people and spent a total of CNY 3.15tn.<\/p><p><strong>Sept 29 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Intsig Info (688615 CH) saw 1 block trade worth 289.20mn at 144.60yuan per share, 3.43pct discount from last closing.<\/p><p>-Hygon Info (688041 CH) saw 1 block trade worth 356.90mn at 237.93yuan per share, 7.00pct discount from last closing.<\/p><p>-Flat Glass (601865 CH) saw 2 block trades worth 169.04mn at 15.50yuan per share, 9.09pct discount from last closing.<\/p><p>-Hengli Hydraulic (601100 CH) saw 1 block trade worth 252.00mn at 84.00yuan per share, 11.56pct discount from last closing.<\/p><p>-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 280.89mn at 48.43yuan per share, 2.50pct discount from last closing.<\/p><p>*Premium<\/p><p>-Industrial Bank (601166 CH) saw 1 block trade worth 202.30mn at 20.23yuan per share, 0.90pct premium from last closing.<\/p><p>*Flat<\/p><p>-CATL (300750 CH) saw 1 block trade worth cny 147.03mn at 397.37yuan 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-2025-09-30.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>The Political Bureau of the CPC Central Committee studied the 15th Five-Year Plan and emphasize high-quality development to promote modernization.<\/p>","protected":false},"author":3,"featured_media":18308,"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-18307","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 2025-09-30 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"CPC Political Bureau reviews 15th Five-Year Plan, emphasizing high-quality development to advance China\u2019s modernization.\" \/>\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\" 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