Energy
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Sectors

-Guiding Opinions on Promoting the Consumption and Regulation of New Energy Released. It is pointed out in the document that by 2030, a coordinated, efficient and multi-level regulation system for new energy consumption will be basically established. This system will continuously ensure the smooth grid connection, diversified utilization and efficient operation of new energy, and the newly increased electricity demand will be mainly met by the newly added new energy power generation.

-Yao Jun, Director of the Planning Department of the Ministry of Industry and Information Technology, stated that efforts will be accelerated to foster application scenarios in key areas such as 5G+, AI+, Robot+, Industrial Internet+, and Beidou+.

-A number of people in Beijing, Shanghai, Hangzhou and other places revealed that they recently received notices from the tax authorities asking for additional taxes on overseas investment income.

Industry

-China’s reusable rocket “Zhuque-3” is scheduled to make its maiden flight in the middle to late November and is expected to become China’s first reusable launch vehicle put into operation.

Data

-The CPCA data showed that nationwide retail of passenger car market on Oct was 2.242 mio units, down 0.8% y/y and 0.1% m/m. The cumulative retail sales this year reached 19.25 mio units, up 7.9% y/y. Wholesale sales of NEV on Oct reached 1.621 mio units, up 18.5% y/y and 8.5% m/m.

Nov 10 Block Trade Info

*Discount

-BTG Hotels (600258 CH) saw 1 block trade worth 388.68mn at 15.42yuan per share, 4.52pct discount from last closing.

-YTO Express (600233 CH) saw 12 block trades worth 243.46mn at 15.84yuan per share, 5.99pct discount from last closing.

*Flat

-Zijin Mining (601899 CH) saw 1 block trade worth 181.02mn at 30.17yuan per share, flat from last closing.

-CATL (300750 CH) saw 1 block trade worth 180.72mn at 384.51yuan per share, flat from last closing.

-Yutong Bus (600066 CH) saw 1 block trade worth 107.98mn at 31.76yuan per share, flat from last closing.

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

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