{"id":18921,"date":"2025-10-22T09:29:26","date_gmt":"2025-10-22T01:29:26","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18921"},"modified":"2025-11-05T17:47:02","modified_gmt":"2025-11-05T09:47:02","slug":"morning-brief-2025-10-22","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-10-22\/","title":{"rendered":"Morning Brief 2025-10-22"},"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=\"18921\" class=\"elementor elementor-18921\" 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><b>Sector News<\/b><\/p><p>-Shanghai issued an action plan to promote high-quality development in the construction industry and accelerate the cultivation of new growth drivers, which encourages construction companies to integrate homogeneous businesses, form complementary industrial chains, and establish construction groups with full industrial chain capabilities.<\/p><p>-Guangdong province issued AI Manufacturing Action Plan (2025-2027) encourages &#8220;model vouchers&#8221; for industrial AI services, establishes model evaluation systems, and supports companies using local computing resources with &#8220;computing vouchers&#8221; to reduce costs.<\/p><p>-Guangzhou city issued consumption boost plan, which outlines measures to increase incomes, improve agricultural support policies, and meet housing demand. Key 2025 targets include renovating over 150 old residential communities and investing 100 bn yuan in urban village redevelopment. The plan also promotes using national bonds for elevator upgrades and special loans to purchase housing stock for resettlement.<\/p><p><b>Data<\/b><\/p><p>-According to data released by the Ministry of Culture and Tourism, domestic residents made 4.998 bn trips in 3Q2025, an increase of 761 mn yoy, up 18.0%. Domestic tourism spending reached 4.85 tn yuan, a yoy increase of 0.50 tn yuan, rising 11.5%.<\/p><p><b>Oct 21 Block Trade Info<\/b><\/p><p>*Discount<\/p><p>-Giantec Semiconductor (688123 CH) saw 1 block trade worth 155.75mn at 153.60yuan per share, 1.50pct discount from last closing.<\/p><p>-Star Lake Bioscience (600866 CH) saw 1 block trade worth 125.12mn at 7.36yuan per share, 2.52pct discount from last closing.<\/p><p>-Xinghuacun Fen Wine (600809 CH) saw 45 block trades worth 566.66mn at 180.23yuan per share, 5.00pct discount from last closing.<\/p><p>*Flat<\/p><p>-China Railway Hi-tech (600528 CH) saw 1 block trade worth 281.76mn at 8.75yuan 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\/10\/Morning-Brief-2025-10-22.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>Shanghai issued an action plan to promote high-quality development in the construction industry and accelerate the cultivation of new growth drivers, which encourages construction companies to integrate homogeneous businesses, form complementary industrial chains, and establish construction groups with full industrial chain capabilities.<\/p>","protected":false},"author":3,"featured_media":18922,"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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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-18921","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 2025-10-22 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.\" \/>\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\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief 2025-10-22\" \/>\n<meta property=\"og:description\" content=\"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\" \/>\n<meta property=\"og:site_name\" content=\"Orient Futures Singapore\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-22T01:29:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-05T09:47:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.orientfutures.com.sg\/wp-content\/uploads\/2025\/10\/113.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"of admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"of admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\"},\"author\":{\"name\":\"of admin\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/person\/cbad263b7041dc1719a2e99c8562b44a\"},\"headline\":\"Morning Brief 2025-10-22\",\"datePublished\":\"2025-10-22T01:29:26+00:00\",\"dateModified\":\"2025-11-05T09:47:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\"},\"wordCount\":251,\"publisher\":{\"@id\":\"https:\/\/of.sbwd.website\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png\",\"articleSection\":[\"Research\"],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\",\"url\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\",\"name\":\"Morning Brief 2025-10-22 - Orient Futures Singapore\",\"isPartOf\":{\"@id\":\"https:\/\/of.sbwd.website\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png\",\"datePublished\":\"2025-10-22T01:29:26+00:00\",\"dateModified\":\"2025-11-05T09:47:02+00:00\",\"description\":\"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage\",\"url\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png\",\"contentUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png\",\"width\":1920,\"height\":1080,\"caption\":\"Multimodal transport scene showcasing global shipping \u2014 trucks, trains, planes, and containers in motion.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.orientfutures.com.sg\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief 2025-10-22\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/of.sbwd.website\/#website\",\"url\":\"https:\/\/of.sbwd.website\/\",\"name\":\"Orient Futures Singapore\",\"description\":\"The Premier Gateway to Global Markets\",\"publisher\":{\"@id\":\"https:\/\/of.sbwd.website\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/of.sbwd.website\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/of.sbwd.website\/#organization\",\"name\":\"Orient Futures Singapore\",\"url\":\"https:\/\/of.sbwd.website\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png\",\"contentUrl\":\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png\",\"width\":800,\"height\":149,\"caption\":\"Orient Futures Singapore\"},\"image\":{\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/of.sbwd.website\/#\/schema\/person\/cbad263b7041dc1719a2e99c8562b44a\",\"name\":\"of admin\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief 2025-10-22 - Orient Futures Singapore","description":"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"zh_CN","og_type":"article","og_title":"Morning Brief 2025-10-22","og_description":"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.","og_url":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/","og_site_name":"Orient Futures Singapore","article_published_time":"2025-10-22T01:29:26+00:00","article_modified_time":"2025-11-05T09:47:02+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.orientfutures.com.sg\/wp-content\/uploads\/2025\/10\/113.png","type":"image\/png"}],"author":"of admin","twitter_card":"summary_large_image","twitter_misc":{"\u4f5c\u8005":"of admin","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"2 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#article","isPartOf":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/"},"author":{"name":"of admin","@id":"https:\/\/of.sbwd.website\/#\/schema\/person\/cbad263b7041dc1719a2e99c8562b44a"},"headline":"Morning Brief 2025-10-22","datePublished":"2025-10-22T01:29:26+00:00","dateModified":"2025-11-05T09:47:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/"},"wordCount":251,"publisher":{"@id":"https:\/\/of.sbwd.website\/#organization"},"image":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage"},"thumbnailUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png","articleSection":["Research"],"inLanguage":"zh-Hans"},{"@type":"WebPage","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/","url":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/","name":"Morning Brief 2025-10-22 - Orient Futures Singapore","isPartOf":{"@id":"https:\/\/of.sbwd.website\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage"},"image":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage"},"thumbnailUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png","datePublished":"2025-10-22T01:29:26+00:00","dateModified":"2025-11-05T09:47:02+00:00","description":"Shanghai encourages construction firms to integrate businesses, build full industrial chains, and drive high-quality sector growth.","breadcrumb":{"@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#primaryimage","url":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png","contentUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/113.png","width":1920,"height":1080,"caption":"Multimodal transport scene showcasing global shipping \u2014 trucks, trains, planes, and containers in motion."},{"@type":"BreadcrumbList","@id":"https:\/\/www.orientfutures.com.sg\/research\/morning-brief-2025-10-22\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.orientfutures.com.sg\/"},{"@type":"ListItem","position":2,"name":"Morning Brief 2025-10-22"}]},{"@type":"WebSite","@id":"https:\/\/of.sbwd.website\/#website","url":"https:\/\/of.sbwd.website\/","name":"\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761","description":"\u76f4\u901a\u5168\u7403\u5e02\u573a\u7684<br>\u9996\u8981\u6e20\u9053","publisher":{"@id":"https:\/\/of.sbwd.website\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/of.sbwd.website\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Organization","@id":"https:\/\/of.sbwd.website\/#organization","name":"\u4e1c\u8bc1\u671f\u8d27\u65b0\u52a0\u5761","url":"https:\/\/of.sbwd.website\/","logo":{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/","url":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png","contentUrl":"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/01\/orient-futures-logo-color.png","width":800,"height":149,"caption":"Orient Futures Singapore"},"image":{"@id":"https:\/\/of.sbwd.website\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/of.sbwd.website\/#\/schema\/person\/cbad263b7041dc1719a2e99c8562b44a","name":"of admin"}]}},"_links":{"self":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/18921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/comments?post=18921"}],"version-history":[{"count":9,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/18921\/revisions"}],"predecessor-version":[{"id":19283,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/posts\/18921\/revisions\/19283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/media\/18922"}],"wp:attachment":[{"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/media?parent=18921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/categories?post=18921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/tags?post=18921"},{"taxonomy":"post_language","embeddable":true,"href":"https:\/\/of.sbwd.website\/zh\/wp-json\/wp\/v2\/post_language?post=18921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}