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Financial

-China’s foreign exchange reserves stood at USD 344.2238bn at end-May, up USD 3.1691bn MoM, compared with USD 341.0547 bn in April.

-Wu Qing, president of CSRC stated that the regulator will continuously improve the institutional arrangements for supervising algorithmic trading, and public funds must resolutely curb chronic problems such as betting on single tracks, style drift, and issuance at high valuations.

Industry Level

-Premier Li Qiang chaired an executive meeting of the State Council to discuss advancing new industrialization and development of industries of the future.

-CCTV: computing power accessibility accelerates with World’s first prefabricated computing center base officially under operation.

Co level

-Xiaomi’s humanoid robot may debut at the Xiaomi 17T launch event.

Jun 5 Block Trade Info

*Discount

-Century Huatong Group (002602 CH) saw 2 block trades worth 144.20mn at 14.42yuan per share, 3.09pct discount from last closing.

-Huace Navigation Tech (300627 CH) saw 1 block trades worth 74.88mn at 24.00yuan per share, 17.24pct discount from last closing.

*Premium

-Zhejiang E-P Equip (603194 CH) saw 1 block trades worth 309.85mn at 39.10yuan per share, 9.99pct premium from last closing.

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

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