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Industrial Economy

*Guangdong Provincial Party Committee convened a meeting, emphasizing the acceleration of establishing a new model for real estate development and intensifying efforts to promote green and low-carbon urban transformation.

*The pilot program to extend second-round rural land contracts by 30 years upon expiration has been expanded to seven provinces, while the long-term oversight mechanism for rural collective “Three Resources” (assets, funds, and resources) continues to be strengthened.

*The Ministry of Finance and the State Taxation Administration jointly issued the “Notice on Levying Consumption Tax on Ultra-Luxury Passenger Vehicles”, raising the tax threshold price to cny 900k.

*Chongqing City released the “Implementation Plan for Cultivating the New Energy Vehicle Power Battery Recycling Industry (2025-2027)”.

*Shenzhen City recently implemented the “Several Measures to Promote High-Quality Development of the Micro-Short Drama Industry” and its accompanying “Operational Guidelines for Shenzhen’s Micro-Short Drama Industry Development Support Program”.

*MIIT: Strengthen legislative research and preparedness in key, emerging and foreign-related domains, with a focus on the digital economy and AI.

July 17 Block Trade Info

*Discount

-Eastroc Beverage (605499 CH) saw 2 block trades worth 129.77mn at 262.53yuan per share, 12.20pct discount from last closing.

-SAIC Motor (600104 CH) saw 1 block trade worth 159.66mn at 17.74yuan per share, 1.00pct discount from last closing.

-China Merchants Bank (600036 CH) saw 1 block trade worth 80.00mn at 40.71yuan per share, 9.53pct discount from last closing.

-Lakala (300773 CH) saw 2 block trades worth 89.83mn at 22.57yuan per share, 21.14pct discount from last closing.

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