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Sectors
-A Foreign Ministry Spokesperson stated that head-of-state diplomacy plays an irreplaceable strategic guiding role in China-US relations, and the two sides have maintained communication on arrangements for interactions between the two heads of state within this year.
-The CSRC held an investor forum to solicit opinions and suggestions on promoting the stable and sound development of the capital market. The CSRC will continue to advance risk prevention, strengthened supervision and high-quality development of the capital market in an integrated manner, and make every effort to maintain stable market operation.
Industry
-Citi downgraded South Korean equities in its emerging markets asset allocation while upgrading Chinese equities, citing volatile trading conditions in South Korea. Meanwhile, the Chinese market is poised to benefit as this year’s rally led by a small number of artificial intelligence winners is expected to broaden out to more sectors.
Data
-China’s July LPR figures have been released. The one-year LPR stands at 3%, while the five-year and above LPR is 3.5%, both unchanged from June, in line with market expectations.
Jul 20 Block Trade Info
*Discount
-CSG Holding (000012 CH) saw 1 block trades worth 107.30mn at 3.70yuan per share, 2.89pct discount from last closing.
-Hoymiles Power Electronics (688032 CH) saw 3 block trades worth 85.20mn at 60.00yuan per share, 19.47pct discount from last closing.
*Premium
-Kweichow Moutai (600519 CH) saw 1 block trades worth 204.51mn at 1309.30yuan per share, 4.49pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

