Shipping containers out at sea
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Xi’s Emphasis
 
*At the second session of the 18th BRICS Summit in New Delhi, President Xi Jinping proposed five initiatives on AI, trade, digital industry, smart manufacturing and tech talent to deepen BRICS cooperation. He urged Greater BRICS to strengthen practical cooperation, stabilize supply chains, develop industries and tap innovation for common prosperity.
 
Industrial Economy
 
*US three AI giants, Anthropic, OpenAI and SpaceX CEOs, jointly made a rare appeal to slow down AI development. OpenAI is not expected to go public until next year at the earliest.
 
*Shanghai’s “Pearl Constellation Initiative” officially launched. It targets gigawatt-level space-based computing constellation, aiming to build a globally covered, space-ground coordinated, self-controllable space intelligent computing infrastructure and service network by 2030.
 
Financial
 
*The 37th Session of the FAO Committee on Fisheries takes place in Rome from September 7 to 11. China and FAO co-host a side event titled “Advancing Aquaculture Innovation for Green and Sustainable Development”.
 
Co Focus
 
*COSCO Shipping Heavy Industry Co., Ltd.: Secured IPO tutoring registration, planning A-share IPO, jointly coached by CICC and China Merchants Securities.
 
Sep 11 Block Trade Info
 
*Discount
 
-Raytron Tech (688002 CH) saw 3 block trades worth 248.10mn at 177.00yuan per share, 3.51pct discount from last closing.
 
-Cambricon Tech (688256 CH) saw 6 block trades worth 202.43mn at 1040.00yuan per share, 0.37pct discount from last closing.
 
-Yuneng New Energy Battery Material (301358 CH) saw 27 block trades worth 114.04mn at 45.43yuan per share, 18.01pct discount from last closing.
 
For more insights, please visit Orient Futures Singapore’s research platform, Finoview.

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