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International
– The Ministry of Trade, Industry and Energy of South Korea has denied recent rumors, stating that the South Korean government is not pushing to establish a new think tank to tap into the massive profits reaped by chipmakers amid the global artificial intelligence boom.
Sectors
– After more than two months of market, technical and business preparations, the new A-share trading rules will officially take effect on July 6 (next Monday). The new rules optimize the closing trading mechanism for funds, expand the range of securities eligible for post-market fixed-price trading, and raise the price fluctuation limit for ST stocks on the Main Board to 10%.
– The Action Plan for Boosting High-Quality Development of the Fashion Consumer Goods Industry in Shanghai (2026-2028) proposes that by 2028, the city’s consumer goods industrial output will exceed 750 billion yuan, and the scale of the fashion consumer goods industry will surpass 500 billion yuan, turning Shanghai into a fashion industrial cluster, fashion innovation hub and fashion consumption destination with global influence.
Data
– According to data from the Ministry of Commerce, China’s total import and export volume of services reached 3.09948 trillion yuan in the January-May period, representing a year-on-year increase of 6%. Of this total, service exports stood at 1.23046 trillion yuan, up 15.9%, while service imports hit 1.86902 trillion yuan, rising by 0.4%. The deficit in trade in services amounted to 638.56 billion yuan, a reduction of 160.72 billion yuan compared with the same period last year.
– Data from the Ministry of Industry and Information Technology (MIIT) shows that the added value of electronic information manufacturing enterprises above designated size rose by 14.6% y/y in the January-May period. This growth rate was 9.2 percentage points and 1.5 percentage points higher than that of overall industry and high-tech manufacturing respectively over the same period. In May alone, the added value of electronic information manufacturing enterprises above designated size increased by 17% y/y.
Jul 1 Block Trade Info
*Discount
– Zhongji Innolight (300308 CH) saw 1 block trades worth 299.68mn at 1223.17yuan per share, 3.69pct discount from last closing.
– Zhejiang Hailiang (002203 CH) saw 1 block trades worth 217.20mn at 21.72yuan per share, 4.95pct discount from last closing.
*Premium
– Nanjing Securities (601990 CH) saw 1 block trades worth 142.38mn at 6.78yuan per share, 3.20pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.
