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Financial

*Joint Statement of the Fourth China-Germany High-Level Financial Dialogue: Both sides supported enhanced exchanges and cooperation in the fields of securities, futures and derivatives. They welcomed eligible companies listed on the Shanghai and Shenzhen Stock Exchanges to issue Global Depository Receipts (GDRs) on the Frankfurt Stock Exchange.

Industrial Economy

*MoC and six other apartments issued a notice on promoting the “Eastern Weaving, Western Consolidation” initiative in the cocoon and silk industry, which encourages the establishment of regional public brands and guides leading enterprises to partner with international fashion houses.

*NMPA issued the “Guidelines on Deepening the Reform of Cosmetic Administration and Promoting the High-Quality Development of the Industry” on November 17th, which aims to streamline the registration process for cosmetics with new efficacy claims through an “immediate review upon submission” policy.

Co Focus

*SMIC (688981.SH) has received a significant volume of rushed orders for analog and memory chips, including NOR/NAND Flash and MCUs. The company noted that a supply gap exists in the memory industry and expects the current high-price environment to persist.

Nov 17 Block Trade Info

*Discount

-HSC New Energy Materials (688353 CH) saw 1 block trade worth 103.37mn at 132.76yuan per share, 3.00pct discount from last closing.

-Xinghuacun Fen Wine (600809 CH) saw 13 block trades worth 227.27mn at 187.05yuan per share, 6.00pct discount from last closing.

-Ysstech Info-Tech (300377 CH) saw 4 block trades worth 66.87mn at 17.64yuan per share, 3.02pct discount from last closing.

*Flat

-Vantone Neo Development (600246 CH) saw 1 block trade worth 99.98mn at 12.42yuan per share, flat from last closing.

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

Disclaimer

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