Sectors
-Lan Fo’an, Minister of the Ministry of Finance, stated at the National Financial Work Conference that the government will vigorously boost consumption through fiscal measures next year. Special initiatives aimed at stimulating consumption will be further implemented, funding will continue to be allocated to support the trade-in of consumer goods, and the scope and standards of subsidies will be adjusted and optimized.
-The National Venture Capital Guidance Fund has been officially launched, with three regional funds—the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Funds—established and put into operation. The Fund will leverage the guiding and driving role of central government funds, extensively attract participation from local governments, central enterprises, financial institutions, private capital and other parties, and form a fund scale of one trillion yuan.
-The People’s Bank of China and the State Administration of Foreign Exchange (SAFE) have issued the Notice on Issues Concerning the Fund Management of Domestic Enterprises’ Overseas Listings, specifying that funds raised from overseas listings and proceeds from the reduction or transfer of shares shall, in principle, be repatriated to the domestic territory.
-The Shanghai Stock Exchange has formulated and issued Guideline No. 9 for the Application of the Listing Examination Rules of the Shanghai Stock Exchange – Application of the Fifth Set of Listing Standards of the STAR Market to Commercial Rocket Enterprises, which shall come into force on the date of its issuance.
Data
-National Bureau of Statistics of China: Profits of industrial enterprises above designated size nationwide rose by 0.1% year-on-year in the first 11 months. Among this total, profits of such enterprises dropped by 13.1% year-on-year in November alone.
Dec 26 Block Trade Info
*Discount
-CATL (300750 CH) saw 2 block trades worth 5984.60mn at 335.71yuan per share, 10.00pct discount from last closing.
-Guangdong Hec Tech (600673 CH) saw 2 block trades worth 537.41mn at 20.43yuan per share, 10.00pct discount from last closing.
-Bank of Beijing (601169 CH) saw 1 block trades worth 325.86mn at 5.29yuan per share, 3.99pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

