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Sectors
-The CSRC and the Ministry of Finance issued the Provisions on the RewardManagement for Whistleblowers Reporting Securities and Futures Law Violations,further improving the whistleblowing system and fostering a culture ofimpartiality and accountability among whistleblowers.
-The Ministry of Finance and the State Taxation Administration issued theAnnouncement on Adjusting the Export Tax Rebate Policy for PhotovoltaicProducts and Other Items. Effective as of April 1, 2026, the value-addedtax(VAT) export tax rebate for photovoltaic products and other items will beabolished. From April 1, 2026 to December 31, 2026, the VAT export tax rebaterate for battery products will be reduced from 9% to 6%. Starting from January1, 2027, the VAT export tax rebate for battery products will be abolished.
Industry
-After quietly announcing that its 2nm process technology had officially enteredmass production in the fourth quarter of 2025, TSMC disclosed that the R&Dwork on its next-generation 1.4nm process technology has also progressedsmoothly, the risk production trial of its 1.4nm process technology is expectedto kick off in 2027.
-DeepSeek is reportedly set to release its latest flagship AI model in February.
Data
-Data from the China Passenger Car Association shows that in Dec 2025, thedomestic retail sales volume of NEVs reached 1.337 million units, up 2.6% y/yand 1.2% m/m. The cumulative retail sales from January to December stood at12.809 million units, up 17.6%.
Jan 9 Block Trade Info
*Discount
– Shanghai International Airport (600009 CH) saw 3 block trades worth 214.01mn at 29.55yuan per share, 9.99pct discount from last closing.
– National Silicon Industry (688126 CH) saw 1 block trades worth 154.67mn at 23.4yuan per share, 1.10pct discount from last closing.
– Piotech Inc (688072 CH) saw 1 block trades worth 117.60mn at 356.35yuan per share, 1.20pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

