{"id":18976,"date":"2025-10-27T09:53:01","date_gmt":"2025-10-27T01:53:01","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18976"},"modified":"2025-11-05T17:48:55","modified_gmt":"2025-11-05T09:48:55","slug":"morning-brief-2025-10-27","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-10-27\/","title":{"rendered":"Morning Brief 2025-10-27"},"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=\"18976\" class=\"elementor elementor-18976\" 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>International Relationship<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-Chinese Vice Premier He Lifeng met with U.S. Treasury Secretary Janet Yellen and Trade Representative Katherine Tai in Malaysia for economic and trade discussion. The two sides had a candid, in-depth and constructive discussion and reached a preliminary consensus on arrangements to address each other&#8217;s concerns. They agreed to work on the specifics and go through the domestic approval processes in their respective countries.<\/span><\/p><p><strong>Policy<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-The State Council submitted a report on financial work to the 18th session of the Standing Committee of the 14th NPC for review, which called for implementing a moderately accommodative monetary policy and continuing to focus on key areas such as technological innovation, boosting consumption, supporting small businesses, and stabilizing foreign trade to precisely and effectively enhance financial support for upgrading key industries.<\/span><\/p><p><strong>Sector News<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-Peking University used cryo-electron tomography to significantly reduce chip lithography defects and improved advanced process node yields at 7nm and below.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Major paper companies including Bohui Paper, Nine Dragons Paper, and Sun Paper have issued price increase notices, announcing a uniform price hike of 200 yuan per ton for their white cardstock products effective Nov 1, 2025.<\/span><\/p><p><strong>Co Focus<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-Chen Hua, director of Guizhou Province&#8217;s Energy Bureau, has been appointed chairman of Moutai Group, according to relevant authorities.<\/span><\/p><p><strong>Oct 24 Block Trade Info<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Discount<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-ASR Microelectronics (688220 CH) saw 5 block trades worth 53.81mn at 85.10yuan per share, 12.00pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Zhejiang Rongtai (603119 CH) saw 11 block trades worth 48.26mn at 81.94yuan per share, 16.14pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 245.32mn at 45.43yuan per share, 2.49pct discount from last closing.<\/span><\/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-2025-10-27.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>Chinese Vice Premier He Lifeng met with U.S. Treasury Secretary Janet Yellen and Trade Representative Katherine Tai in Malaysia for economic and trade discussion. They agreed to work on the specifics and go through the domestic approval processes in their respective countries.<\/p>","protected":false},"author":3,"featured_media":18978,"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-18976","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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