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Industrial Economy

*The National Energy Administration issued the “Guiding Opinions on Promoting the Integrated Development of New Energy”, which proposes exploring the construction of new integrated hydropower-wind-solar energy bases that utilize regulating power sources such as pumped storage and new types of energy storage to drive large-scale, high-quality development of surrounding wind and solar power.

*Major memory chip manufacturers such as Samsung Electronics, SK Hynix and Kioxia are planning to drive up NAND prices. Among them, Samsung is currently negotiating supply volumes for the next year with major overseas clients and internally considering a price increase of 20% to 30% or more.

*MIIT revised and publicly solicited opinions on the “Administrative Measures for National Medical Reserves”.

*NDRC publicly solicited opinions on the “Management Measures for National Emerging Industry Innovation Centers”.

Nov 12 Block Trade Info

*Discount

-Cfmoto Power (603129 CH) saw 5 block trades worth 77.24mn at 228.04yuan per share, 6.91pct discount from last closing.

-Huali Industrial Group (300979 CH) saw 1 block trade worth 974.33mn at 55.66yuan per share, 6.56pct discount from last closing.

-Xinqianglian Slewing Bearing (300850 CH) saw 16 block trades worth 59.97mn at 44.17yuan per share, 10.71pct discount from last closing.

*Flat

-Century Huatong (002602 CH) saw 2 block trades worth 111.03mn at 18.51yuan per share, flat from last closing.

For more insights, please visit Orient Futures Singapore’s research platform, Finoview.

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