{"id":21500,"date":"2025-12-26T09:28:53","date_gmt":"2025-12-26T01:28:53","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=21500"},"modified":"2025-12-29T09:49:05","modified_gmt":"2025-12-29T01:49:05","slug":"morning-brief-2025-12-26","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-12-26\/","title":{"rendered":"Morning Brief 2025-12-26"},"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=\"21500\" class=\"elementor elementor-21500\" 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>International relationship<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-TikTok has signed agreements with three investors and will establish a new TikTok US joint venture to ensure its continued operations in the United States.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-The Office of the United States Trade Representative has released the findings of its Section 301 investigation into China&#8217;s semiconductor policies, announcing the imposition of Section 301 tariffs on certain Chinese semiconductor products. Currently, the tariff rate stands at 0%, which will be increased after an 18-month period, i.e., in June 2027.<\/span><\/p><p><strong>Financial<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">-The announcement of SDIC Silver LOF states that the fund will be suspended from trading from the market open until 10:30 on Dec 26, 2025. The high premium rate of the fund\u2019s secondary market price is unsustainable.<\/span><\/p><p><strong>Dec 25 Block Trade Info<\/strong><\/p><p><span data-blocked-bgimage=\"initial\">*Discount<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Zotye Auto (000980 CH) saw 4 block trades worth 137.77mn at 3.38yuan per share, 9.87pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Jingda Special Magnet Wire (600577 CH) saw 23 block trades worth 125.69mn at 9.99yuan per share, 10.00pct discount from last closing.<\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Piotech (688072 CH) saw 1 block trades worth 107.82mn at 347.80yuan per share, 1.48pct discount from last closing.<\/span><\/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-2025-12-26.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>Global markets update covering TikTok\u2019s US joint venture plans, Section 301 semiconductor tariff timelines, fund trading suspensions, and notable China A-share block trades with market discounts.<\/p>","protected":false},"author":5,"featured_media":21502,"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-21500","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 2025-12-26 - Orient Futures Singapore<\/title>\n<meta name=\"description\" content=\"TikTok will establish a new TikTok US joint venture to ensure its continued operations in the United States.\" \/>\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 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