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Financial
*Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment, which emphasized to thoroughly plan and implement a series of major initiatives and projects, with particular focus on achieving greater breakthroughs in developing new quality productive forces, strengthening the domestic economic cycle and increasing residents’ income.
*PBoC along with seven other departments, jointly issued a “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies”.
Industrial Economy
*On February 7, China successfully launched a reusable experimental spacecraft using a Long March-2F carrier rocket from the Jiuquan Satellite Launch Center.
*MIIT issued the “Notice on Building National Computing Power Interconnection Nodes” to improve overall computing power levels.
*The Ministry of Water Resources and the NDRC recently issued the “Implementation Opinions on Improving the Management Mechanism for the Construction and Operation of Major Water Conservancy Projects”.
*Shanghai: Aiming at new frontiers such as smart terminals, commercial aerospace and low-altitude economy to generate trillion-level incremental industrial growth.
*The National Health Commission released and publicly solicited opinions on the “National Food Safety Standard for Prepared Dishes”.
Data
*SAFE announced that as of the end of January, China’s foreign exchange reserves stood at $3,399.1 billion, reflecting a m/m increase of 1.23%.
Feb 6 Block Trade Info
*Discount
-Crystal-Optech (002273 CH) saw 2 block trades worth 135.72mn at 26.10yuan per share, 4.04pct discount from last closing.
-Everprox Tech (300548 CH) saw 12 block trades worth 182.27mn at 132.50yuan per share, 16.85pct discount from last closing.
*Premium
-Ampron Tech (301413 CH) saw 1 block trades worth 213.50mn at 173.57yuan per share, 4.98pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

