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Xi’s Emphasis
*Qiushi Journal published an important article by President Xi titled Coordinating the “Development of Education, Science and Technology and Talent”.
Industrial Economy
*China has independently achieved mass production of silicon-28 isotope with abundance over 99.99% for the first time. Its key technical indicators reach world-leading standards.
Financial
*The State Council held its 20th special study on implementing major functional zone strategies and coordinated regional development. Premier Li Qiang urged optimizing agricultural, ecological and urban layouts based on local resources and strengths.
Co focus
*Shanghai Tengine Technology, a domestic GPU firm, has obtained approval for its STAR Market IPO, which plans to raise cny 6bn.
*CSSC Special Gases (688146 CH) clarified rumors of a long-term supply deal with TSMC, while talks on future supply plans with relevant clients are still ongoing.
Middle East Conflict
*The U.S. and Iran have electronically signed a ceasefire memorandum of understanding. The official signing ceremony will take place in Geneva on June 19. Some clauses of the memorandum took effect on the 15th. Provisions including the reopening of the Strait of Hormuz will come into force after the formal signing on the 19th. Iran will levy fees on shipping services passing through the Strait of Hormuz.
Jun 15 Block Trade Info
*Discount
-Arashi Vision (688775 CH) saw 5 block trades worth 185.83mn at 140.78-154.86yuan per share, 1.04-10.04pct discount from last closing.
*Premium
-CATL (300750 CH) saw 2 block trades worth 213.66mn at 394.85-398.10yuan per share, 0.00-0.82pct premium from last closing.
*Flat
-China Minsheng Banking (600016 CH) saw 1 block trades worth 399.30mn at 3.63yuan per share, flat from last closing.
*Premium
-CATL (300750 CH) saw 1 block trades worth 427.70mn at 394.85yuan per share, 3.31pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

