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Financial

*The Customs Tariff Commission of the State Council released the “Tariff Adjustment Plan for 2026”, which will take effect from January 1st, 2026.

*China’s 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.

*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.

Industrial Economy

*NDRC and other five departments jointly issued the “Key Work Plan for Modern Logistics Standardization (2025-2027)”, 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.

*Shanghai issued the “Several Measures on Further Expanding Service Consumption”, 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.

Dec 29 Block Trade Info

*Discount

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

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

*Premium

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

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

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