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Macro

-Vice Premier He Lifeng stated that China is advancing the development of a unified national market in greater depth, steadfastly expanding high-level opening up, and striving to achieve stable economic growth.

Sector News

-The MIIT has launched a special initiative on urban “millisecond-level computing,” focusing on the development of computing power networks. The initiative aims to advance the construction of millisecond-level computing networks in a phased manner nationwide, with the goal of establishing a comprehensive, efficient, and seamless urban millisecond-level computing network capability system by year 2027.

-A rumor suggesting that a polysilicon stockpiling platform has been established was clarified as untrue by an authoritative industry insider.

Co Focus

-Meituan announced that it will allocate an additional 2 bn yuan support funds, extending coverage from previously included delivery merchants to dine-in restaurants, enabling various high-quality catering stores to receive financial assistance and achieve long-term operations.

Oct 16 Block Trade Info

*Discount

-YankershopFood (002847 CH) saw 4 block trades worth 187.78mn at 68.27yuan per share, 7.00pct discount from last closing.

-Kuang-Chi Tech (002625 CH) saw 4 block trades worth 291.96mn at 47.09yuan per share, 2.51pct discount from last closing.

-Hui Lyu Ecological Tech (001267 CH) saw 5 block trade worth 138.00mn at 13.24yuan per share, 9.62pct discount from last closing.

*Flat

-China Merchants Bank (600036 CH) saw 1 block trade worth 201.26mn at 41.93yuan per share, flat from last closing.

-CATL (300750 CH) saw 1 block trade worth 294.80mn at 368.50yuan per share, flat from last closing.

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

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