{"id":20870,"date":"2025-12-01T09:40:16","date_gmt":"2025-12-01T01:40:16","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=20870"},"modified":"2025-12-01T09:47:13","modified_gmt":"2025-12-01T01:47:13","slug":"morning-brief-2025-12-01","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-12-01\/","title":{"rendered":"Morning Brief 2025-12-01"},"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=\"20870\" class=\"elementor elementor-20870\" 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<div data-ogsc=\"\"><div data-ogsc=\"\"><p><strong>Xi\u2019s Emphasis<\/strong><\/p><p>*The Political Bureau of the CPC Central Committee held its 23rd collective study session on strengthening cyberspace governance on the afternoon of November 28th. Chairman Xi Jinping emphasized improving the long-term mechanism for cyberspace governance and continuously fostering a clean and upright online environment.<\/p><p><strong>Data<\/strong><\/p><p>*November Manufacturing PMI was 49.2%, up 0.2 percentage points from the previous month.<\/p><p>November Non-Manufacturing PMI was 49.5%.<\/p><p><strong>Industrial Economy<\/strong><\/p><p>*MIIT held a symposium with manufacturing enterprises in the power and energy storage battery industry on November 28th, aiming to accelerate the introduction of targeted policy measures and regulate irrational competition in the power and energy storage battery industry in accordance with laws and regulations.<\/p><p>*On November 29th, the scheduled maiden flight of Beijing-based LandSpace\u2019s \u201cZhuque-3\u201d carrier rocket was temporarily postponed due to force majeure.<\/p><p>*Shanghai issued the \u201cShanghai Marine Industry Development Plan (2026-2035)\u201d, promoting the application of technologies such as the Internet of Things, 5G and automation in industries including smart ports and intelligent shipping.<\/p><p><strong>Financial<\/strong><\/p><p>*The Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. will implement a regular constituent adjustment for indices including the Shenzhen Component Index, the ChiNext Index, the Shenzhen 100 and the ChiNext 50 on December 15th.<\/p><p>*PBoC convened a coordination mechanism meeting to combat virtual currency trading and speculation on November 28th, which reaffirmed the commitment to maintaining the prohibitive policy on virtual currencies and continuing the crackdown on illegal financial activities related to virtual currencies.<\/p><p><strong>Nov 28 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Everdisplay Optronics (688538 CH) saw 2 block trades worth 57.12mn at 2.72yuan per share, 1.09pct discount from last closing.<\/p><p>-Zaisheng Tech (603601 CH) saw 11 block trades worth 37.41mn at 4.30yuan per share, 15.02pct discount from last closing.<\/p><p>-Minsheng Banking (600016 CH) saw 1 block trade worth 62.14mn at 4.05yuan per share, 0.98pct discount from last closing.<\/p><p>*Premium<\/p><p>-Chongqing Rural Commercial Bank (601077 CH) saw 1 block trade worth 331.68mn at 6.91yuan per share, 6.31pct premium from last closing.<\/p><\/div><\/div><p>For more insights, please visit Orient Futures Singapore\u2019s research platform,\u00a0<a href=\"http:\/\/www.finoview.com.sg\/\">\u7e41\u5fae<\/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\/12\/Morning-Brief-2025-12-01.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 emphasized improving the long-term mechanism for cyberspace governance and continuously fostering a clean and upright online environment.<\/p>","protected":false},"author":3,"featured_media":20871,"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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