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Sectors
– The Ministry of Commerce released a briefing on the progress of consultations regarding the China-EU electric vehicle case, stating that both sides agree that it is necessary to provide general guidance on price commitments to Chinese exporters of battery electric vehicles (BEVs) to the EU, enabling these exporters to address relevant concerns in a more practical, targeted and WTO-consistent manner.
International relationship
– The Ministry of Foreign Affairs responded to the suspension of review on China’s rare earth export licenses to Japan, stating that the measures taken by China in accordance with laws and regulations are completely legitimate, reasonable and lawful.
– Canadian Prime Minister Mark Carney will pay an official visit to China from January 14 to 17.
Industry
– The Lihong-1 Yiyao-1 vehicle successfully completed its suborbital flight test mission at the Jiuquan Satellite Launch Center in China, with its recoverable payload module landing and being retrieved smoothly via the parachute recovery system.
– XPeng HT, the flying car division of XPeng Motors, has secretly filed for an IPO, with the listing potentially to be completed as early as this year. XPeng Motors has selected JPMorgan Chase and Morgan Stanley to prepare for the listing.
Jan 12 Block Trade Info
*Discount
– Changchuan Tech (300604 CH) saw 10 block trades worth 300.13mn at 112.48yuan per share, 9.00pct discount from last closing.
– Advanced Micro-Fabrication Equipment (688012 CH) saw 10 block trades worth 287.04mn at 320.72yuan per share, 4.74pct discount from last closing.
lib- National Silicon Industry (688126 CH) saw 1 block trades worth 154.15mn at 23.63yuan per share, 1.31pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

