{"id":21657,"date":"2025-12-30T09:24:08","date_gmt":"2025-12-30T01:24:08","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=21657"},"modified":"2025-12-30T09:39:33","modified_gmt":"2025-12-30T01:39:33","slug":"morning-brief-2025-12-30","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-12-30\/","title":{"rendered":"Morning Brief 2025-12-30"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> \u5206\u949f<\/span><\/span>\t\t
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Financial<\/strong><\/p>

*The Customs Tariff Commission of the State Council released the \u201cTariff Adjustment Plan for 2026\u201d, which will take effect from January 1st, 2026.<\/p>

*China\u2019s SOEs recorded an operating revenue of 75.62576 trillion yuan from January to November, up 1.0% y\/y, during the same period, the total profit of SOEs amounted to 3.71945 trillion yuan, down 3.1% y\/y.<\/p>

*The State Administration for Market Regulation outlined its key tasks for the upcoming year, emphasizing the strengthening of anti-monopoly and anti-unfair competition enforcement, as well as the in-depth rectification of involution-style competition.<\/p>

Industrial Economy<\/strong><\/p>

*NDRC and other five departments jointly issued the \u201cKey Work Plan for Modern Logistics Standardization (2025-2027)\u201d, which centrally deploys R&D tasks for 101 national standards across five major sectors, aiming to support the deepening advancement of a unified national market.<\/p>

*Shanghai issued the \u201cSeveral Measures on Further Expanding Service Consumption\u201d, which includes promoting the clinical application of innovative technologies and medical devices, such as cell therapy and brain-computer interfaces, also supporting the development of catering industry internet platforms integrating procurement, processing, warehousing and logistics, while vigorously developing event-driven economy.<\/p>

Dec 29 Block Trade Info<\/strong><\/p>

*Discount<\/p>

-Bank of Beijing (601169 CH) saw 1 block trades worth 316.94mn at 5.30yuan per share, 3.46pct discount from last closing.<\/p>

-Friend (605050 CH) saw 1 block trades worth 117.59mn at 11.93yuan per share, 10.03pct discount from last closing.<\/p>

*Premium<\/p>

-Petrochina (601857 CH) saw 1 block trades worth 524.82mn at 10.06yuan per share, 2.13pct premium from last closing.<\/p><\/div><\/div>

For more insights, please visit Orient Futures Singapore\u2019s research platform,\u00a0
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Reading Time: <\/span> < 1<\/span> \u5206\u949f<\/span><\/span>China\u2019s SOEs recorded an operating revenue of 75.62576 trillion yuan from January to November, up 1.0% y\/y, during the same period, the total profit of SOEs amounted to 3.71945 trillion yuan, down 3.1% y\/y.<\/p>","protected":false},"author":3,"featured_media":21659,"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-21657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"yoast_head":"\nMorning Brief 2025-12-30 - 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