{"id":21420,"date":"2025-12-22T10:03:51","date_gmt":"2025-12-22T02:03:51","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=21420"},"modified":"2025-12-22T10:18:01","modified_gmt":"2025-12-22T02:18:01","slug":"morning-brief-2025-12-22","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-12-22\/","title":{"rendered":"Morning Brief 2025-12-22"},"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=\"21420\" class=\"elementor elementor-21420\" 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>Premier<\/strong><\/p><p>*Premier Li Qiang presided over an executive meeting of the State Council to arrange for the implementation of the decisions and arrangements made at the Central Economic Work Conference, to deploy a comprehensive solid waste management campaign, and to review and adopt the \u201cRegulations on the Implementation of the Value-Added Tax Law of the People\u2019s Republic of China (Draft)\u201d and the \u201cCommercial Mediation Regulations (Draft)\u201d.<\/p><p><strong>Co Focus<\/strong><\/p><p>*Moore Threads unveiled its next-generation GPU architecture, Huagang, which supports intelligent computing clusters with over 100,000 GPUs.<\/p><p>*Yuexin Semiconductor\u2019s IPO application for the ChiNext board has been accepted by the SZSE, which is the first 12-inch wafer manufacturing enterprise in China to achieve mass production with a focus on analog chip manufacturing, is expected to raise 7.5 billion yuan in funding.<\/p><p><strong>Industrial Economy<\/strong><\/p><p>*NDRC and other two departments jointly formulated the \u201cRules on Pricing Behavior of Internet Platforms\u201d.<\/p><p><strong>Financial<\/strong><\/p><p>*MoF and MIIT jointly issued a notice on implementing the \u201cState Council Office Circular Concerning the Standards and Relevant Policies for Domestic Products in Government Procurement\u201d.<\/p><p><strong>Dec 19 Block Trade Info<\/strong><\/p><p>*Discount<\/p><p>-Minsheng Banking (600016 CH) saw 4 block trades worth 581.50mn at 3.73yuan per share, 5.09pct discount from last closing.<\/p><p>-Wuxi Apptec (603259 CH) saw 10 block trades worth 263.55mn at 87.85yuan per share, 3.02pct discount from last closing.<\/p><p>-Piotech Inc (688072 CH) saw 1 block trades worth 97.37mn at 324.55yuan per share, 1.64pct discount from last closing.<\/p><\/div><\/div><p>For more insights, please visit Orient Futures Singapore\u2019s research platform,\u00a0<br \/><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-2025-12-22.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<div class=\"elementor-element elementor-element-3210e15 e-flex e-con-boxed e-con e-parent\" data-id=\"3210e15\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\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>China&#8217;s Premier Li Qiang chaired a State Council meeting to implement Central Economic Work Conference decisions and review draft VAT implementation and commercial mediation regulations.<\/p>","protected":false},"author":3,"featured_media":21422,"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-21420","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 2025-12-22 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"Premier Li Qiang chaired a State Council meeting to implement economic policy decisions and review draft VAT and mediation regulations.\" \/>\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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