Industrial oil refinery with metal towers and pipelines under a cloudy sky.
Reading Time: < 1 minute

Industrial Economy

*A-share new account openings hit 1.96 million in July, up 71% y/y.

*CPCAAUTO: China’s NEV wholesale sales reach 1.18 million units in July, up 25% y/y and down 4% m/m respectively.

Financial

*China’s Tax Authorities: Strengthen oversight on individual overseas income, with stock trading profits abroad now subject to taxation.

Co Focus

*Lens Technology (300433 CH): co has undertaken the business of producing multiple full-series humanoid robots for AgiBot and jointly established Hunan Zhiqi Future Technology Co., Ltd. with AgiBot. The joint venture focuses on high-end intelligent manufacturing equipment for the consumer electronics and new energy sectors, committed to the integrated innovation of AI + robotics.

*Fengli Intelligent (301368 CH): co plans to issue additional shares to raise no more than cny 730mio, with the proceeds to be used for projects including the intelligent manufacturing of precision power gears for NEVs and other initiatives.

Aug 4 Block Trade Info

*Discount

-M&G Stationery (603899 CH) saw 6 block trades worth 197.96mn at 29.46yuan per share, 5.58pct discount from last closing.

-Yanhu Industry (000792 CH) saw 1 block trade worth 956.65mn at 18.05yuan per share, 0.44pct discount from last closing.

-Shanjin International Gold (000975 CH) saw 3 block trades worth 89.55mn at 18.26yuan per share, 2.98pct discount from last closing.

-Sed Industry (000032 CH) saw 2 block trades worth 203.04mn at 25.38yuan per share, 2.38pct discount from last closing.

*Flat

-Winning Health Tech (300253 CH) saw 2 block trades worth 110.07mn at 11.22yuan per share, flat from last closing.

Disclaimer

We, Orient Futures International (Singapore) Pte. Ltd. (“OFIS”) (UEN No. 201831776Z), hold a capital markets services licence (CMS100869) from the Monetary Authority of Singapore for dealing in capital market products such as futures/derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and is an Exempt Financial Adviser. For more information about OFIS, please check the MAS Financial Institutions Directory by clicking here.

All content, materials, information, data, statistics, features, research, documents or reports available on our website (including this article) which are financial in nature (the “Content”) are governed by our Terms of Use. By accessing, using or downloading any Content, you are deemed to have consented and agreed to the Terms of Use.

We distribute information/research (which may be prepared by us directly or produced by our foreign affiliated companies within the Orient Group of companies) pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. The information/research herein is prepared and distributed in Singapore and is intended for our clients who are Accredited Investors, Expert Investors or Institutional Investors only. If you are not an Accredited Investor, Expert Investor or Institutional Investor, you hereby acknowledge and agree that you are not the intended audience of all Content available on our website, and you undertake to immediately cease your access to any Content available on our website.

You agree to access and accept all Content available on our website on an “as-is” and “as available” basis. You agree that OFIS shall not have any responsibility or liability arising out of or in connection with, and you agree to waive the right to bring any claims or raise any complaints against OFIS in respect of any Content available on our website. OFIS shall also not be liable for any damage, loss or liability of any kind (whether actual, anticipated, consequential, special, economic or otherwise) caused as a result (direct or indirect) of the use of, or inability to access or use, the website, including but not limited to any damage, loss or liability suffered as a result of your reliance on the Content or our website.

OFIS does not make any representations, and hereby disclaim all warranties, express or implied, statutory or otherwise to the extent permitted by law, in respect of our website and all Content therein. To the fullest extent permissible, OFIS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any particular purpose of the Content.

All Content available on our website are general in nature and have been prepared without any consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of any Content available on our website having regard to your personal circumstances before making any investment decisions. You should take into account your investment objectives and financial situation and seek advice from an independent financial advisor under a separate engagement if necessary.

Subscribe to our weekly newsletter to get the latest market news