Reading Time: < 1 minute

Financial

-Preview: The PBoC, CSRC, and other departments will hold a press conference at 9:00 a.m. on May 7th to introduce a “package of financial policies to stabilize markets and expectations.”

-Minister of Finance Lan Fo’an attended the 58th Annual Meeting of the Asian Development Bank (ADB) Board of Governors and delivered a speech, stating that China will adopt more proactive macroeconomic policies and is confident in achieving its 2025 growth target of around 5%.

Sector

-The Ministry of Agriculture and Rural Affairs, the Ministry of Science and Technology, the Ministry of Education, and four other departments have issued the “Implementation Opinions on Accelerating the Improvement of the Overall Efficiency of the Agricultural Science and Technology Innovation System.”, which states that China will establish a highly efficient agricultural sci-tech innovation system by 2035.

May 6 Block Trade Info

*Discount
-Eastroc Beverage (605499 CH) saw 30 block trades worth 529.66mn at 260.66yuan per share,6.99pct discount from last closing.
-Dawning Info (603019 CH) saw 1 block trade worth 218.44mn at 56.99yuan per share,12.46pct discount from last closing.
-CATL (300750 CH) saw 2 block trades worth 102.92mn at 227.69yuan per share,12.46pct discount from last closing.
-Sinopack Electronic (003031 CH) saw 18 block trades worth 75.01mn at 43.36yuan per share,7.94pct discount from last closing.
-Harbin Boshi Auto (002698 CH) saw 25 block trades worth 150.50mn at 15.05yuan per share,11.16pct discount from last closing.

*Flat
-China Pet Foods (002891 CH) saw 1 block trade worth 94.02mn at 56.98yuan per share,flat from last closing.
-Kuang-Chi Tech (002625 CH) saw 1 block trade worth 256.50mn at 42.75yuan per share,flat from last closing.

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