{"id":18882,"date":"2025-10-20T10:00:31","date_gmt":"2025-10-20T02:00:31","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18882"},"modified":"2025-11-05T17:45:37","modified_gmt":"2025-11-05T09:45:37","slug":"morning-brief-2025-10-20","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-10-20\/","title":{"rendered":"Morning Brief 2025-10-20"},"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\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18882\" class=\"elementor elementor-18882\" 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>Premier<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Premier Li Qiang presided over an executive meeting of the State Council, calling for greater openness and connectivity of logistics data, as well as deeper integration of AI and other technologies with the logistics sector. Accelerate the improvement of the green trade policy system, and to coordinate efforts in ensuring the supply and price stability of agricultural inputs such as seeds and fertilizers for autumn harvesting and sowing.<\/span><\/p><p><strong>\u677f\u5757<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*MoF and two other departments issued an announcement on adjusting value-added tax policies for wind power generation and other sectors, starting November 1st, taxpayers selling self-produced electricity generated from offshore wind power will receive a 50% immediate VAT refund upon collection.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*On October 17th local time, U.S. President Donald Trump signed an executive order to impose a new 25% tariff on imported medium and heavy-duty trucks and their parts, effective November 1st. Trump stated that a 10% tariff would also be levied on imported passenger cars.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*CNNIC released the \u201cGenerative AI Application Development Report (2025)\u201d at the 2025 (6th) China Internet Infrastructure Resources Conference, which shows that the number of generative AI users in China has reached 515mio, an increase of 266mio since December 2024, representing a doubling of the user base in just six months, the adoption rate has reached 36.5%.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*The Ministry of Agriculture and Rural Affairs, along with five other departments jointly issued the \u201cGuiding Opinions on Strengthening the Construction of Modern Agricultural Service Centers\u201d, which proposes to guide multiple entities in participating in the development.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">*MoC and eight other departments jointly issued the \u201cGuiding Opinions on Promoting the High-Quality Development of the Accommodation Industry\u201d.<\/span><\/p><p><strong>Oct 17 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p><span data-blocked-bgimage=\"initial\">-Huayu Mining (601020 CH) saw 1 block trade worth 261.48mn at 26.01yuan per share, 5.18pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 263.51mn at 45.14yuan per share, 2.51pct discount from last closing.<\/span><\/p><p>For more insights, please visit Orient Futures Singapore&#8217;s research platform, <a href=\"http:\/\/www.finoview.com.sg\"><strong>\u7e41\u5fae<\/strong><\/a>.<\/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\/10\/Morning-Brief-2025-10-20.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\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>China pushes AI integration and green trade policies; Trump signs 25% tariff on trucks; CSI 300 and Treasury futures mixed; coking coal leads commodity gains while precious metals weaken.<\/p>","protected":false},"author":5,"featured_media":18885,"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-18882","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 2025-10-20 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"State Council meeting calls for AI-driven logistics, improved green trade policies, and stable agricultural input supply and pricing.\" \/>\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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