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Industrial Economy
*Four government departments including the Ministry of Human Resources and Social Security issued a notice to support marine economy development, stabilize and expand employment in traditional marine industries, and foster the growth of the marine pharmaceuticals and bioproducts sector.
*Eight ministries including the Ministry of Transport issued a multimodal transport action plan, targeting major ports, inland hubs, logistics parks, industrial zones and China-Europe freight train hubs to upgrade freight terminals.
*Qatar plans to quickly ramp up LNG production after the Strait of Hormuz reopens, aiming to restore most of its export capacity within two months.
Financial
*China Central Depository & Clearing Co., Ltd. is soliciting public opinions on further reducing settlement service fees for market makers, which proposes to lower the settlement service fee for cash bond transactions executed through market-making activities from 20% to 25% discount.
International
*At the G7 summit on June 15, Trump said the US will pivot focus to the Russia-Ukraine issue. *Iran’s FM Araghchi said talks with the US will proceed in two phases: first, ending hostilities, reopening the Strait of Hormuz, unfreezing assets, and post-war reconstruction, then 60 more days for final agreement, covering Iran’s nuclear issue and sanctions relief.
Jun 16 Block Trade Info
*Discount
-China Minsheng Banking (600016 CH) saw 1 block trades worth 260.63mn at 3.59yuan per share, 1.10pct discount from last closing.
-Techwinsemi Tech (001309 CH) saw 1 block trades worth 200.05mn at 577.68yuan per share, 10.00pct discount from last closing.
-Arashi Vision (688775 CH) saw 5 block trades worth 163.12mn at 133.91-147.30yuan per share, 5.83-14.39pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

