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Xi’s

-President Xi Jinping has issued an important instruction on the work of central enterprises, emphasizing that on the new journey, central enterprises should focus on their core responsibilities and main businesses, continuously optimize the layout of the state-owned economy, effectively strengthen their core functions, and enhance their core competitiveness.

Sectors

-The National Work Conference on Housing and Urban-Rural Development pointed out that municipal governments should fully utilize their autonomy in real estate regulation, adjust and optimize real estate policies in a timely manner, support residents’ rigid and improved housing demand, and promote the stable operation of the real estate market.

Financial

-The Shanghai Gold Exchange has issued a notice stating that there are currently multiple factors impacting market stability, precious metal prices have fluctuated sharply, and investors are reminded to take precautions against risks.

-It has been learned from multiple banks in Shenzhen that the minimum annual interest rate for collateralized business loans secured by real estate in the Shenzhen market has now started at 2.35%. Previously, the interest rate for such loans at some banks once dropped as low as 2.2%.

Dec 23 Block Trade Info

*Discount

-China Securities (601066 CH) saw 1 block trades worth 157.62mn at 26.67yuan per share, 1.33pct discount from last closing.

-Piotech Inc (688072 CH) saw 1 block trades worth 110.45mn at 356.30yuan per share, 1.48pct discount from last closing.

– Verisilicon Microelectronics (688521 CH) saw 10 block trades worth 95.50mn at 128.90yuan per share, 6.00pct discount from last closing.

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

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