Colorful of plastic polymer granules
Reading Time: 2 minutes

Xi’s Emphasis

*The Political Bureau of the CPC Central Committee held its 23rd collective study session on strengthening cyberspace governance on the afternoon of November 28th. Chairman Xi Jinping emphasized improving the long-term mechanism for cyberspace governance and continuously fostering a clean and upright online environment.

Data

*November Manufacturing PMI was 49.2%, up 0.2 percentage points from the previous month.

November Non-Manufacturing PMI was 49.5%.

Industrial Economy

*MIIT held a symposium with manufacturing enterprises in the power and energy storage battery industry on November 28th, aiming to accelerate the introduction of targeted policy measures and regulate irrational competition in the power and energy storage battery industry in accordance with laws and regulations.

*On November 29th, the scheduled maiden flight of Beijing-based LandSpace’s “Zhuque-3” carrier rocket was temporarily postponed due to force majeure.

*Shanghai issued the “Shanghai Marine Industry Development Plan (2026-2035)”, promoting the application of technologies such as the Internet of Things, 5G and automation in industries including smart ports and intelligent shipping.

Financial

*The Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. will implement a regular constituent adjustment for indices including the Shenzhen Component Index, the ChiNext Index, the Shenzhen 100 and the ChiNext 50 on December 15th.

*PBoC convened a coordination mechanism meeting to combat virtual currency trading and speculation on November 28th, which reaffirmed the commitment to maintaining the prohibitive policy on virtual currencies and continuing the crackdown on illegal financial activities related to virtual currencies.

Nov 28 Block Trade Info

*Discount

-Everdisplay Optronics (688538 CH) saw 2 block trades worth 57.12mn at 2.72yuan per share, 1.09pct discount from last closing.

-Zaisheng Tech (603601 CH) saw 11 block trades worth 37.41mn at 4.30yuan per share, 15.02pct discount from last closing.

-Minsheng Banking (600016 CH) saw 1 block trade worth 62.14mn at 4.05yuan per share, 0.98pct discount from last closing.

*Premium

-Chongqing Rural Commercial Bank (601077 CH) saw 1 block trade worth 331.68mn at 6.91yuan per share, 6.31pct premium from last closing.

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

Disclaimer

We, Orient Futures International (Singapore) Pte. Ltd. (“OFIS”) (UEN No. 201831776Z), hold a capital markets services licence (CMS100869) from the Monetary Authority of Singapore for dealing in capital market products such as futures/derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and is an Exempt Financial Adviser. For more information about OFIS, please check the MAS Financial Institutions Directory by clicking here.

All content, materials, information, data, statistics, features, research, documents or reports available on our website (including this article) which are financial in nature (the “Content”) are governed by our Terms of Use. By accessing, using or downloading any Content, you are deemed to have consented and agreed to the Terms of Use.

We distribute information/research (which may be prepared by us directly or produced by our foreign affiliated companies within the Orient Group of companies) pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. The information/research herein is prepared and distributed in Singapore and is intended for our clients who are Accredited Investors, Expert Investors or Institutional Investors only. If you are not an Accredited Investor, Expert Investor or Institutional Investor, you hereby acknowledge and agree that you are not the intended audience of all Content available on our website, and you undertake to immediately cease your access to any Content available on our website.

You agree to access and accept all Content available on our website on an “as-is” and “as available” basis. You agree that OFIS shall not have any responsibility or liability arising out of or in connection with, and you agree to waive the right to bring any claims or raise any complaints against OFIS in respect of any Content available on our website. OFIS shall also not be liable for any damage, loss or liability of any kind (whether actual, anticipated, consequential, special, economic or otherwise) caused as a result (direct or indirect) of the use of, or inability to access or use, the website, including but not limited to any damage, loss or liability suffered as a result of your reliance on the Content or our website.

OFIS does not make any representations, and hereby disclaim all warranties, express or implied, statutory or otherwise to the extent permitted by law, in respect of our website and all Content therein. To the fullest extent permissible, OFIS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any particular purpose of the Content.

All Content available on our website are general in nature and have been prepared without any consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of any Content available on our website having regard to your personal circumstances before making any investment decisions. You should take into account your investment objectives and financial situation and seek advice from an independent financial advisor under a separate engagement if necessary.

Subscribe to our weekly newsletter to get the latest market news