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Sectors

-The Securities and Futures Commission of Hong Kong has announced new optimization measures for the Cross-boundary Wealth Management Connect (WMC) pilot scheme, aiming to enhance communication between licensed institutions participating in the scheme and their clients.

Industry

-China has organized 6G technology tests for four consecutive years, and has completed the first phase of 6G technology trials, forming more than 300 key technical reserves.

Data

-Data from PBoC shows that the M2 balance at the end of October was CNY 335.13tn, up 8.2% y/y; and the M1 balance was CNY 112tn, up 6.2% y/y.

-Data from PBoC shows that the balance of domestic and foreign currency loans at the end of October was CNY 274.54tn, up 6.3% y/y, and the balance of RMB loans was CNY 270.61tn, up 6.5% y/y. The increase in RMB loans for the first ten months was CNY 14.97tn.

-The Ministry of Water Resources stated that from January to October this year, China has completed a total investment of 1.00947tn yuan in water conservancy construction, implemented 46,000 water conservancy projects of various types, and started construction on 28,000 new water conservancy projects.

Nov 13 Block Trade Info

*Discount

-AMEC (688012 CH) saw 6 block trades worth 441.62mn at 278.53yuan per share, 8.00pct discount from last closing.

-Shanxi Fenjiu (600809 CH) saw 28 block trade worth 379.79mn at 188.94yuan per share, 4.83pct discount from last closing.

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

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