{"id":18947,"date":"2025-10-23T09:24:38","date_gmt":"2025-10-23T01:24:38","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18947"},"modified":"2025-11-05T17:47:47","modified_gmt":"2025-11-05T09:47:47","slug":"morning-brief-2025-10-23","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-10-23\/","title":{"rendered":"Morning Brief 2025-10-23"},"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=\"18947\" class=\"elementor elementor-18947\" 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>Financial<\/b><\/p><p>*U.S. President Donald Trump stated that he anticipates the United States and China will reach an agreement on trade issues during the upcoming APEC summit next week. However, he noted that a meeting between the leaders of the two countries may not necessarily take place.<\/p><p>*The Asset Management Association of China (AMAC) is set to release draft rules for performance benchmarks of public funds in the coming days to solicit public comments.<\/p><p><b>\u677f\u5757<\/b><\/p><p>*Shenzhen released the \u201cAction Plan for Promoting High-Quality Mergers and Acquisitions (2025-2027)\u201d, aiming to achieve a total market capitalization of listed companies both domestically and overseas exceeding CNY 20tn by the end of 2027, which represents a CNY 5tn increase compared to the previous draft for public comment. The plan also supports \u201cchain master\u201d enterprises and leading listed companies in strategic emerging industries such as integrated circuits, AI, new energy and biomedicine to conduct upstream and downstream M&amp;A activities.<\/p><p>*IDC recently released a latest report showing that in the first half of 2025, China\u2019s AI infrastructure services market grew by 122.4% y\/y, reaching CNY 19.87bn, with Alibaba Cloud accounted for 24.7%, firmly holding the top position.<\/p><p><b>Oct 22 Block Trade Info<\/b><\/p><p>*Discount<\/p><p>-Giantec Semiconductor (688123 CH) saw 1 block trade worth 153.15mn at 150.94yuan per share, 1.50pct discount from last closing.<\/p><p>-Xinghuacun Fen Wine (600809 CH) saw 10 block trade worth 219.28mn at 180.00yuan per share, 4.41pct discount from last closing.<\/p><p>-Boton (300031 CH) saw 5 block trades worth 75.12mn at 17.94yuan per share, 19.55pct discount 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-2025-10-23.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>Trump stated that he anticipates the United States and China will reach an agreement on trade issues during the upcoming APEC summit next week. However, he noted that a meeting between the leaders of the two countries may not necessarily take place.<\/p>","protected":false},"author":3,"featured_media":18948,"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-18947","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) - 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